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| *Loan,banking and credit>>>mortgage insurance |
If I have a mortgage of like 750 a month how much more do think will it be for insurance and taxes? |
First time buyers trying to figure out what we can afford for a house. On realtor.com it says est. price per month is like 750 but how much should I add for the other costs for the monthly bill? It will probably be around $1000 a month total after insurance & taxes. You may want to try a website that compares multiple companies at once to get you the best price. I am paying less than 陆 after I did. Go to: http://www.insureme.com/landing.aspx?ref... Take care, Casey Depends where you live, how much your house is worth and what kind of insurance you get for what size house. 750 a month is just an estimate. How many years are you thinking? My payment is 917.00 a month but is set on only 15 years. My mortgage amount is 96,000 with it's value being 170,000...It is the value of the house that will determine your insurance payment each month. At 750.00 a month over 15 years your value would of course be much less than if the payment was 750.00 over 30 years... So how many years are you thinking? 15? 20? 25? 30? By the way, with my home being insured for $170,000 my home owner's insurance is about $90 a month. My property taxes for the year was $547.00. But I live in TN and in the "county" side of my town. When you're figuring your cost on realtor.com make sure it shows the correct amount for % you're putting down, ex: they usually figure you're putting 20% down. Also, they usually have what the taxes are on the listing. Basically divide that by 12 and that's your monthly cost. If the taxes aren't on the listing, check to see what company is listing it and check their website for the taxes. If it's still not on there, call the realtor, they have to tell you. As for insurance, that's hard to tell. I live in Michigan and my house is worth $130,000. It costs $775 per year (about 65 per month) for insurance but that totally depends on where you live, what kind of coverage you need, etc. You can always call an insurance company and give them the basics, the address etc and they can give you an estimate. Good luck! Speak with a local mortage specialist who will be able to answer all your questions. Richard M. Johnston, GRI, ABR, e-Pro RE/MAX OTB ESTATES President's Advisory Council Member http://www.estates.la http://estatesla.blogspot.com/ To figure out your taxes I would call your local Title company. Each county has different tax assessments also give the Title Co. your price range from low to high. they should be able to give you a ball park idea on what they will be. Don't forget about Insurance that usually runs about $50-100. https://www.wfhm.com/wfhm/bob-drawson/in... |
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