To home owners...

[Syringer]

How old were you when you bought your home?

How much was the house?

How much did you put down?

What were your monthly payments and duration with everything included?

 

[laurenlex]

29

Shltload

10 percent

'bout 8 or 9 hundred for ever

 

[rh71]

25
$330k
$66k (to avoid PMI)
$2050 monthly mortgage and maybe another $300-400/mo. for utilities/gas/food/misc spending.

(all possible because of dual income)

 

[MrManly]

Second Home
26
310K
20%
~1700 (PITI)

-MrManly

 

[xSauronx]

18
50k
0
340-something i think, i pay 445 with insurance and taxes
7% over 20 years

 

[Lola]

Husband and i were 22
house was 179,900 (i think)
we put down about 7k with a bit of a sellers concession
1378.00 per month with taxes, home insurance escrowed. (we got a 30yr fixed i think)
Yeesh, that is depressing.

 

[Lounatik]

30
99k
20% down
750/month

Refi'd and got it down to 580/month right now.


Peace

Lounatik

 

[iamwiz82]

Originally posted by: LolaWiz
Husband and i were 22
house was $173,000 with a $5,000 concession
we put down about 8k plus a portion of the concession ($2,000, IIRC)
1378.00 per month with taxes, home insurance escrowed. (we got a 30yr fixed i think)
Yeesh, that is depressing.

Fixed

 

[DaveJ]

24
88K
3%
P&I is 576/mo, total 942/mo with insurance/taxes added in

Dave

 

[DeadByDawn]

33
128K
0 down
~900 a month

 

[djheater]

Originally posted by: iamwiz82

Originally posted by: LolaWiz
Husband and i were 22
house was $173,000 with a $5,000 concession
we put down about 8k plus a portion of the concession ($2,000, IIRC)
1378.00 per month with taxes, home insurance escrowed. (we got a 30yr fixed i think)
Yeesh, that is depressing.

Fixed

You should send a pic of the boobs and thank them for the concession.

 

[thedarkwolf]

25
42k
0
380

 

[DrPizza]

23 years old
4 bedroom home in decent part of town (low 30's)
2k down
including insurance and taxes in the escrow with the mortgage, it seems like it was 4-something a month;
Originally a 20 year loan, we refinanced for a 15 year after 2 years.

That was the first home...

2nd home:
38 yrs old
44k (very cheap real estate in this area)
just a few k down (didn't have to deal with PMI, so we saved some of the downpayment for updates)
2 hundred-something, biweekly - includes insurance and taxes.

Personally, I like the biweekly thing - takes years off the mortgage, plus it makes the budget a lot easier to plan.

 

[KK]

Originally posted by: DrPizza
23 years old
4 bedroom home in decent part of town (low 30's)
2k down
including insurance and taxes in the escrow with the mortgage, it seems like it was 4-something a month;
Originally a 20 year loan, we refinanced for a 15 year after 2 years.

That was the first home...

2nd home:
38 yrs old
44k (very cheap real estate in this area)
just a few k down (didn't have to deal with PMI, so we saved some of the downpayment for updates)
2 hundred-something, biweekly - includes insurance and taxes.

Personally, I like the biweekly thing - takes years off the mortgage, plus it makes the budget a lot easier to plan.

You aren't paying the bank a fee to pay it biweekly, are you?

 

[GasX]

36
~$670k
~$270k
~$3500

 

[dxkj]

Originally posted by: Syringer
How old were you when you bought your home?

How much was the house?

How much did you put down?

What were your monthly payments and duration with everything included?

23

150k

17k (could have done 30k)

1134 5.5% 30 years (prop tax, etc)

 

[mrrman]

as soon as I finished college, at 28...14K down, $142k purchase price, mortgage $750 pm...then 1 month later I bought a rental property with 0 down and +ve cash flow from the start..mortgage was $850 pm and rent was bringing in around $1100

 

[ScoobMaster]

29
$52K
10%
Monthly w/PMI and Insurance and Escrow = $540

(I don't live too far from Dr. Pizza - cheap real estate )

 

[Jgtdragon]

27
430k
30%
1800

 

[TBone48]

31
193,500
40,000
1500/mo with taxes 30 year fixed @ 7.5%

 

[D1gger]

22 years old
$105,000 puchase price
15% down
20 year term
$800 per month.

 

[CTrain]

33- bought house from brother
$140K Contract price(agreed price was $150K)(appraised price was $195K).
$35K- 25% to avoid PMI + mom gave $10K for the $140K to $150K difference.
$547- Mortgage. Insurance paid for($740/yr). Don't know how much tax will be(~$2K for the year)

$105K loan. 4.75% 5/1 ARM 30 yr.
Trying to eliminate adjustible rate after 5 yrs.

If I pay $1000 extra every month, I will pay it off in 6 yrs 8 months.(this is easily doable)
If I pay $1450 extra every month, it will be paid off in 5 yrs.(this will take alot of discipline)

 

[DaTT]

25

127K

15K

785/monthly.....850 with property tax

 

[jadinolf]

First house 33, $22,500 0 down

Second 41, $69,000 19K down

Third 43, $55,000 11K down `

 

[funboy6942]

33
$49,500
No down payment because I paid cash (no joke walked into closing with $50,000 in $100 dollar bills, won a settlement that caused me to be disabled)
Because it is paid in full I have no payments and my property tax is only $600 per year.
See home in sig if you wish.
Need to try to make everyone move here. Homes and property tax is silly cheap and houses are even cheaper. The old folks in this small quiet town and dieing and the ones the homes are left to are selling them for dirt money. My house in 10 years is going to be worth tripple if not more what I paid because there is new stuff being built all around this town. Sure to take off in a few and I will laugh myself all the way to the bank

May even morgage this house and buy another $50K home and sit on it. That way when one or the other become worth 200K+ I will sell and live the rest of my life in the other one