7 Thoughts on How much does the average house cost per month?
  1. Reply
    April 19, 2013 at 10:48 pm

    Well it depends on what you want and where you live. Where I grew up, you could get a really nice house for 95,000. But where I live now, a nice house starts at 150,000. Your best bet would be to check out a website like howardhanna.com or remax.com. Then you can find a house you like, see how much it is, then there is usually a mortgage calculator somewhere on the website. Don’t forget to factor in closing costs, insurance, and taxes….usually another 15-20% of your purchase price.

  2. Reply
    April 19, 2013 at 11:27 pm

    Not only do you have to make monthly mortgage payments for 30 years (most common mortgage term) but you also have homeowners insurance, property taxes, house maintenance, utilities (such as electric, gas, water and sewer, trash, phone, cable, etc…), repair and improvement fees, possible association fees (depending on where you live) and possibly various other minor fees and bills as well. Owning a home can be expensive, especially if you do not budget properly for it. For a 100,000 mortgage loan with good credit your mortgage payment would be roughly $ 650 for 30 years. Then you also have to consider all of the other bills and obligations as well. Best of luck to you.

  3. Reply
    April 19, 2013 at 11:41 pm

    Take the cost debt owed after down payment and move the decimal 2 spaces for an estimate of your payments with taxes and insurance combined.
    300,000 = $ 3,000 payments
    200,000 = 2,000
    100,000 = 1,000

  4. Reply
    Kristy w/h American Home MTg.
    April 20, 2013 at 12:19 am

    It all depends on a lot of factors the sales price of the home if you are putting money down your interest rate how long you are wanting to finance the home for how much your insurance and taxes are going to be
    your interest rate and down payment and how much you are financing depend on your credit history ,employment,income,assets etc
    if you would like you can go to wwww.americanhm.com/kristy.self fill out an online application and i can let you know what you are approved for and all the options you have you may be suprised that you can get finacing with 0 down with our company even if you do have some credit issues

  5. Reply
    April 20, 2013 at 12:45 am

    A good website to use is mortgage-x.com. There you can input your loan amount, the term of your mortgage, and your interest rate and calculate monthly payments. If you’re interested in owning property email me and I will be glad to help. I am a mortgage broker.

  6. Reply
    April 20, 2013 at 1:14 am

    send me an email, I’ll go through it with you. There is no simple one size fits all answer.

  7. Reply
    April 20, 2013 at 1:42 am

    these are all correct….it varies very widely…..one thing is for sure…….you can usually get the same type house you are currently renting for about the same mortgage payment if not 50-100 dollars cheaper by the month.

    Plus you would be earning equity rather than just throwing your money away.
    The downside is you are responsible for all repairs now and you can’t just call someone up to have it fixed.

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