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help! average mortgage payments

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headoverheels
s'il vous plaît

Member since 6/07

42079 total posts

Name:
LB

help! average mortgage payments

how much do you pay each month in mortgage/taxes, and where on LI do you live?

i am sorry if this is a nosy question but i think DH and i will be buying a home next year and i want to start working out a budget now. TIA!!

Posted 11/20/07 9:47 AM
 
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Kara
Now Zagat Rated!

Member since 3/07

13217 total posts

Name:
They call me "Tater Salad"

Re: help! average mortgage payments

It completely depends on the amount you financed, your interest rate, your taxes, and your homeowner's insurance (assuming you'll be escrowing...)

ETA - google "mortgage calculator" and you'll find a way to calculate estimated payments.

Message edited 11/20/2007 9:50:16 AM.

Posted 11/20/07 9:49 AM
 

ml110
LIF Adult

Member since 1/06

5435 total posts

Name:

Re: help! average mortgage payments

i agree... it totally depends on how much you put as a downpayment ( because that affects how much you have to borrow), and it depends on the interest rate you get, the homeowners insurance company, and the town you live in for the taxes.... good luck!!! its so scary, but so exciting when you finally have a place to call YOURS Chat Icon

Posted 11/20/07 9:52 AM
 

Mrs-D-Girl
Love my fur baby

Member since 8/07

5183 total posts

Name:

Re: help! average mortgage payments

This might help you play with some #'s

Mrtge Calculator

Posted 11/20/07 10:00 AM
 

cutie
LIF Adult

Member since 2/06

1893 total posts

Name:
Janine

Re: help! average mortgage payments

It totally depends on where you live, but you might get more of a numbers response if you add a poll, so that people can post anonymously.

Posted 11/20/07 11:41 AM
 
 

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