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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: What is your monthly mortgage payment?
Posted by justmefornow
Posted by VickiC
I work in NYC and haven't paid that tax in a long time.
Our payment is around $2250 with taxes only. We pay insurance on our own. Our interest rate is 4.875%.
Where do you live?
We're in Massapequa Park - Nassau County.
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Posted 6/19/09 10:13 PM  |
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ladolcevita
LIF Infant
Member since 6/08 286 total posts
Name:
TA
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Re: What is your monthly mortgage payment?
I think the houses are out there to meet your budget. How far out on LI are you looking?
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| Posted 6/20/09 1:27 AM |
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justmefornow
LIF Adolescent
Member since 9/08 859 total posts
Name:
n
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Re: What is your monthly mortgage payment?
Posted by ladolcevita
I think the houses are out there to meet your budget. How far out on LI are you looking?
I think the issues for us are 1st, that I was a SAHM for almost 6 yrs but have been doing freelance work, so my income has not been consistent. I plan to go back FT early next year (if all goes well) but chances are the job will be in Manhattan. So, the 2nd uncertainty is where I'll be working. Last, we want a very well rated school district. We are already in a top one in NYC.
So our options are to rent after we close on our co-op or to stretch ourselves to 2700 a month and hopefully we'll be more comfortable when I'm working FT again.
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| Posted 6/20/09 10:32 AM |
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justmefornow
LIF Adolescent
Member since 9/08 859 total posts
Name:
n
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Re: What is your monthly mortgage payment?
So I know this is more personal but are some of you paying at or above 30% of what you earn on mortgage/taxes/insurance? This thought is frightening to me but it's reality in NY!
When I was in high school I remember learning that you are supposed to spend about 25% of what you make on rent/mortgage.
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| Posted 6/20/09 10:38 AM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: What is your monthly mortgage payment?
Someone posted something similar last week: Mortgage/Income %
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| Posted 6/20/09 11:07 AM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: What is your monthly mortgage payment?
We paid close to $600K for our house and our mortgage is just under $2,500 excluding taxes and insurance.
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| Posted 6/20/09 12:16 PM |
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justmefornow
LIF Adolescent
Member since 9/08 859 total posts
Name:
n
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Re: What is your monthly mortgage payment?
Thank you!
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| Posted 6/20/09 2:38 PM |
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Re: What is your monthly mortgage payment?
We pay around $2700.00 a month for mortgage & taxes.
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| Posted 6/20/09 2:46 PM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: What is your monthly mortgage payment?
I dont see why you cant keep your payments at 2500 with those number, but of course at the end it will depend on how much your taxes will be.
With that said I'm envious of all those mortgage totals, I cry every month when I see my mortgage bill.
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| Posted 6/20/09 5:18 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: What is your monthly mortgage payment?
You either need a higher downpayment or to look at cheaper houses. We pay less than $2500 (just a little less), but we only paid $345,000 for our house. We put $20,000 down.
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| Posted 6/20/09 7:41 PM |
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Kristin616
Member since 8/06 3595 total posts
Name:
Kris
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Re: What is your monthly mortgage payment?
We locked in at a TERRIBLE rate, and plan to refi soon once we do a little more work to our house. Right now we pay $3765 including taxes & insurance. Horrible! and we put 20% down at closing
Message edited 6/20/2009 7:51:59 PM.
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| Posted 6/20/09 7:51 PM |
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