What do you pay for mortgage

[Dave_L]

Even with the mortgage insurance I'm about a year ahead and paying at a rate of something like 16 years on my 30 year mortgage. I'm excited to refi. My friend lives up the street in the exact same floor plan as my home, only I have a garage and a family room that were added later. He just had his house appraised at $35k more than I paid for mine. His is a little nicer currently though.

Sweet! It's certainly nice to see home values going back up.

[funkymonkey1111]

I know this might be a personal question so if it is don't answer.

I'm considering looking at moving and getting a new house. For those of you who are paying a $350,000 mortgage what are you paying? I know it depends on location, down payment, interest rate, etc...

I just want approximate real life numbers and not what some website tells me. I need to know Colorado numbers. Also, if you can tell me if that includes mortgage insurance that would be great.

Thanks!

if you have good credit, income, etc., you can ballpark your rate. maybe fudge a little on the high side by a quarter or half point. then put the numbers in an amortizer and there you go.

also consider what your taxes are going to be. that can make a huge difference. or, if you're looking at condos or multifamily, the maintenance dues, too. newer places have larger tax obligations. for instance, tax in denver is not bad. tax in reunion and some parts of Adams county is nuts.

[SamuraiCO]

Good luck either way. I hope to move farther out as I get closer to retirement. More land smaller house. Right now just the wife and I in a 2100 sq ft home (Three bedroom, two full bath, one powder on first floor, loft office, unfinished basement but large yard, 2.5 car garage). We have the ability to pay the mortgage if one of us were to loose their job. Still great time to buy because interest rates are sill so good for home purchases.

[ChunkyMonkey]

Sweet! It's certainly nice to see home values going back up.

It's very localized. Thanks to partly local economy and out of Staters who loves our MMJ law.

Got two under contract today at around $350k.. Too many variable to quote a payment. One is at $1800s, the other $2200.

[gnihcraes]

Appraisal just came back on our place... $271k sweeeeet Just amazing. $40k increase in less than a year.

Dropping 10 years off loan and payment stays ~$1600.

[Madeinhb]

I'm looking for a house now and am hating this market

[HoneyBadger]

I'm looking for a house now and am hating this market

Tell me about it... I'm trying to buy a house in California right now. It's a major headache!

$250k will hardly get you 1300sq ft with a garage and a tiny yard.

[Madeinhb]

Tell me about it... I'm trying to buy a house in California right now. It's a major headache!

$250k will hardly get you 1300sq ft with a garage and a tiny yard.

I moved from California in 2009. Why are you looking there? Also where abouts? California has always sucked for houses. I spent 250k on a 1400 sq ft townhome back in 2004.

[HoneyBadger]

I moved from California in 2009. Why are you looking there? Also where abouts? California has always sucked for houses. I spent 250k on a 1400 sq ft townhome back in 2004.

Job is moving me there sometime next spring or summer. Central Coast area... Santa Maria.

Although I will say... it's probably the most conservative part of CA.

[Madeinhb]

Job is moving me there sometime next spring or summer. Central Coast area... Santa Maria.

Although I will say... it's probably the most conservative part of CA.

Can be. I moved from Orange County. Lots of conservatives there. But lots of liberals as well. Hope you're getting a pay raise. CA state income tax is 10.3%