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House Notes

Posted on 6/27/11 at 9:40 am
Posted by tigerchick555
Gonzales
Member since Nov 2007
2044 posts
Posted on 6/27/11 at 9:40 am
How much will a $265,000 house cost you approximately a month? This would be including property tax and ins.
Posted by elle
NYC
Member since Jul 2010
13926 posts
Posted on 6/27/11 at 9:41 am to
Money Board.
Posted by tigerchick555
Gonzales
Member since Nov 2007
2044 posts
Posted on 6/27/11 at 9:42 am to
Sorry...I meant to post it there. Do you know how to move it to there?
Posted by Rouge
Floston Paradise
Member since Oct 2004
138328 posts
Posted on 6/27/11 at 9:42 am to
glad to see you are good with money

assuming a 30-year mortgage and financing 100%, bank on $1000/month
Posted by Duckie
Tippy Toe, Louisiana
Member since Apr 2010
24314 posts
Posted on 6/27/11 at 9:42 am to
years to the mortgage?

Interest rate?

Posted by elle
NYC
Member since Jul 2010
13926 posts
Posted on 6/27/11 at 9:42 am to
I just RA'd it for you.
Posted by bradwieser
Cornell Fan
Member since May 2008
10555 posts
Posted on 6/27/11 at 9:42 am to
search mortgage calculator
Posted by Salmon
I helped draft the email
Member since Feb 2008
85696 posts
Posted on 6/27/11 at 9:42 am to
interest rate?
PMI?
city taxes?
pool?
etc...
Posted by tigerdup07
Member since Dec 2007
22268 posts
Posted on 6/27/11 at 9:43 am to
about 1400 bucks.

Posted by tigerchick555
Gonzales
Member since Nov 2007
2044 posts
Posted on 6/27/11 at 9:44 am to
4.75% for 30 years, probably 100% financing.
Posted by Springlake Tiger
Uptown
Member since Aug 2006
15531 posts
Posted on 6/27/11 at 9:45 am to
quote:

probably 100% financing.


you shouldn't be getting a house unless you can put 20% down.
Posted by Salmon
I helped draft the email
Member since Feb 2008
85696 posts
Posted on 6/27/11 at 9:45 am to
Probably around $1600/month
Posted by jsmoke222000
Lake Charles
Member since Oct 2007
6324 posts
Posted on 6/27/11 at 9:45 am to
I have $160,000 home loan @ 4.25% & my note is $1500 a month. I have it financed for 15 years
Posted by tigerdup07
Member since Dec 2007
22268 posts
Posted on 6/27/11 at 9:45 am to
you're not having to put a down payment of any kind?

Posted by tigersnipen
Member since Dec 2006
2109 posts
Posted on 6/27/11 at 9:46 am to
quote:

about 1400 bucks.


This is correct but WITH OUT taxes and insurance and PMI. Whatever those will be will be on top of the ~1400 a month.
Posted by Salmon
I helped draft the email
Member since Feb 2008
85696 posts
Posted on 6/27/11 at 9:46 am to
quote:

you shouldn't be getting a house unless you can put 20% down.




With interest rates so low, this is not necessary
Posted by TopWaterTiger
Lake Charles, LA
Member since May 2006
12129 posts
Posted on 6/27/11 at 9:46 am to
265k at 5% for 30 yrs = 1422 a month

Plus tack on insurance, prop taxes, and PMI if applicable.
Posted by tigerdup07
Member since Dec 2007
22268 posts
Posted on 6/27/11 at 9:46 am to
1382.37


Posted by Rouge
Floston Paradise
Member since Oct 2004
138328 posts
Posted on 6/27/11 at 9:47 am to
quote:

you shouldn't be getting a house unless you can put 20% down.


you know how few people would ever be able to get a house?

putting away 35K+ is not an easy thing to achieve
Posted by Springlake Tiger
Uptown
Member since Aug 2006
15531 posts
Posted on 6/27/11 at 9:47 am to
quote:

With interest rates so low, this is not necessary


ok, then just throw away money on pmi
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