| BlackCrayon |
06-02-2012 09:12 AM |
Quote:
Originally Posted by Due
(Post 18981598)
My mortgage is about 1600 / month, I have a 3.75% APR interest rate (which is is nearly impossible to beat). Total after taxes it is about 2400 / month for just taxes and the mortgage.
We build the house last year, last month I got a suplemental tax bill for about 1500 for proberty value increase or something like that.
On top there is trash, HOAs and all the regular maintenance.
I would love to see where you can get buy a 300K house and pay only 1200 / month. I would probably reconsider investing in real-estate if that is possible.
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my mortgage for 290k (the amount after downpayment) is about 1600 a month and thats with property taxes. property taxes depend on the size of land, location, etc so it can be different for everyone. please note that i said *almost*, not that it was exactly the cost of a mortgage for a 300k home. my interest rate is 3.32. you're still better off, you got a brand new home for 300k? around here you'd either get something small or resale for that. of course its more expensive to own but you can also build equity and sell for more depending on the market. i see townhomes around here bought in 2006 for 220k now going for 300k. you can't do that renting. |
