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re: new residential construction prices

Posted on 3/10/23 at 4:43 pm to
Posted by GeauxldMember
Member since Nov 2003
4406 posts
Posted on 3/10/23 at 4:43 pm to
quote:

extra $500 per month


Assuming a mortgage of $600K, the difference between a 4% 30 and a 6.5% 30 is going to be closer to $1,000/month. A $4,000/month mortgage would stress me TF out. I’m so glad I bought my house when I did.
Posted by hey benji
new orleans
Member since Sep 2013
403 posts
Posted on 3/10/23 at 5:02 pm to
We are in Lakeview in New Orleans.

We own our lot and plan to use it toward the down payment for the construction. I'm thinking that should be around 300k.
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