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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Q for former renters...
how much more are you paying for your mortgage vs your former rental?
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Posted 7/29/06 11:44 AM  |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Q for former renters...
about 1300.00
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| Posted 7/29/06 11:45 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Q for former renters...
Posted by june262004
about 1300.00
I'm figuring that's about what ours will be too once we buy. HOPEFULLY NOT MORE!!!!  
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| Posted 7/29/06 11:46 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Q for former renters...
Does it stink YES But its all yours  SO SO WORTH IT
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| Posted 7/29/06 11:47 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: Q for former renters...
We had super cheap rent for the area and what we were renting - $950 included ALL. Our mortgage (with taxes and escrow) is $1750 more a month.
haha - it was a shock to the system to write out that first check this week (even though we were prepared and even though we were saving more than twice that amount every month).
But like Kristin said, it's all worth it in the end 
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| Posted 7/29/06 11:51 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Q for former renters...
Posted by june262004
Does it stink YES But its all yours SO SO WORTH IT
I HOPE SO!!!!!!!!! 
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| Posted 7/29/06 11:52 AM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: Q for former renters...
our mortgage is about $1000 more than rent
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| Posted 7/29/06 1:05 PM |
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Re: Q for former renters...
About a thousand more than we did in rent (that includes taxes and HO ins). But it's worth it- we got a very nice income tax refund this year, much better than when we were renting. And that was being in the house only about half the year.
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| Posted 7/29/06 1:46 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: Q for former renters...
Alittle over 2000 more each month.
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| Posted 7/29/06 3:45 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Q for former renters...
Rent-$650/month
Mortgage (alone)-$612
With taxes and insurance-$1,096
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| Posted 7/29/06 6:05 PM |
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Freddie
LIF Adult
Member since 3/06 1162 total posts
Name:
Freddie
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Re: Q for former renters...
my broker said I was the exception when I bought my first place, my mortgage was actually cheaper than my rent!
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| Posted 7/29/06 9:38 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Q for former renters...
Posted by Ricki
my broker said I was the exception when I bought my first place, my mortgage was actually cheaper than my rent!
Ours too!! We bought back 10 years ago though so that is really the only reason.
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| Posted 7/29/06 9:41 PM |
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jodi714
Love my little girl!
Member since 2/06 3621 total posts
Name:
Jodi
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Re: Q for former renters...
Our mortgage itself is almost the same as our rent, but the taxes and maintenace (we own a condo) is about 800 more...ugh!
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| Posted 7/29/06 9:54 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Q for former renters...
Posted by sjm71505
Our mortgage itself is almost the same as our rent, but the taxes and maintenace (we own a condo) is about 800 more...ugh!
Doesn't that stink??!! My mortgage is $612 and our taxes are $428!!!
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| Posted 7/29/06 9:56 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: Q for former renters...
when I bought in February 2000, I was paying $950+ for a studio apt and my mortgage for a 2 bedroom, 1.5 bath was only $200 more a month!
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| Posted 7/29/06 10:11 PM |
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KAAM
LIF Adult
Member since 5/05 1247 total posts
Name:
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Re: Q for former renters...
Posted by Diana1215
Alittle over 2000 more each month.
This is the exact reason I have such COLD FEET about buying. The difference in our rent and mortgage/tax/homeowners/PMI is such a huge differencer right now.
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| Posted 7/29/06 10:35 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Q for former renters...
Posted by Amy
Posted by Diana1215
Alittle over 2000 more each month.
This is the exact reason I have such COLD FEET about buying. The difference in our rent and mortgage/tax/homeowners/PMI is such a huge differencer right now.
We’re in the same boat. It’s so daunting!
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| Posted 7/29/06 10:37 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: Q for former renters...
Posted by SweetestOfPeas
Posted by Amy
Posted by Diana1215
Alittle over 2000 more each month.
This is the exact reason I have such COLD FEET about buying. The difference in our rent and mortgage/tax/homeowners/PMI is such a huge differencer right now.
We’re in the same boat. It’s so daunting!
I can't tell you guys how many times my DH and I calculated the numbers over and over. We were sure that we couldn't do it. We've honestly had no problem - and that is really only on salary alone.
You will be fine once you find the perfect house. You will just make it work somehow and everything will fall into place. 
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| Posted 7/29/06 10:40 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: Q for former renters...
We had really cheap rent (it helped to live with a family member), and our mortgage plus taxes, insurance is more than 2K more than our rent was. I was scared at first, and did all the number crunching too, but we have not had any problems, and we've even been able to do some improvements and buy furniture.
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| Posted 7/29/06 10:47 PM |
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MissJones
I need a nap!
Member since 5/05 22150 total posts
Name:
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Re: Q for former renters...
We're in a co-op, so the mortgage is only about $300 more than our rent, but add the maintenance fees and we're almost $1000 above rent!
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| Posted 7/29/06 10:58 PM |
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