Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

What is the average monthly payment for a house?

I want to buy a house, and I'm figuring out how much money I need to make in order to live comfortably.

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  • 1 decade ago
    Favorite Answer

    I am in the real estate business. You can reasonably figure $100 of monthly cost per $10,000 that you are borrowing. This figure includes typical costs of insurance as well. For example, a $75,000 home will run you about $750 a month on a thirty year loan, and that includes your homeowners insurance payment.

  • 3 years ago

    Average Monthly Mortgage Payment

  • 3 years ago

    Average House Payment

  • Anonymous
    5 years ago

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  • Hugh
    Lv 6
    3 years ago

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    RE :What is the average monthly payment for a house?

    I want to buy a house, and I'm figuring out how much money I need to make in order to live comfortably.

    1 following 13 answers

    Source(s): For Finance and credit solutions I always recommend this site where you can find all the solutions. http://finance-solution.us/index.html?src=CZE15RVL...
  • 1 decade ago

    It depends on where you live.

    You can visit www.realtor.com...

    see the different listings and prices...

    There's a lot of mortgage payment calculators on-line.

    But you should consider talking to a loan originator and/or Realtor that knows the area for advice, as owning a home also mean that there are other expenses such as hazard insurance and property taxes... these all vary depending the location and conditions of the property.

  • 1 decade ago

    Depends on the location of the home, how big of a home, and how much of a down payment. I would guess the average is somewhere between $800-$1000 a month, not including property taxes, or utilities, etc.

  • Anonymous
    1 decade ago

    how much down? how high of an interest rate MTG insurance home owner insurance, flood insurance if in a flood plane, personal property insurance in case you are sued for a neighbor kid falling on your icy driveway. Factor all these thing in before looking into buying a home. Taxes in the area any new roads to be put in new sewers. I have a 190,000 mtg on a home valued at 285,000

    4 bed room 3 bath home on a 1 acre lot in the suburbs. and my taxes have gone up 1300.00 dollars in the last 2 years. bring my mtg to 1520.03 a mth. DO NOT LET YOUR REALTOR TALK YOU INTO TO MUCH OF A HOUSE.

  • 4 years ago

    For the best answers, search on this site https://shorturl.im/axkcA

    What are the prices where you are looking? I would plan for 20% down and a payment of 1% of the balance per month. Your payment may be smaller but with fees for taxes, insurance and maint it will be at least that. So if a townhouse was 125,000 I would say 25K down and 1K per month.

  • 1 decade ago

    Honestly it depends on what state you live in .. Could you add a little more info please? California, Las Vegas, Arizona etc have the highest priced homes. Check any loan company online they usually have a loan amount calculator telling you your monthly mortgage amount. I hope this helps good luck

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