patrick.net

About $1750/mo

Thanks, Dru -- I suppose I should have coughed up my numbers first. My primary is paid, but on the last home I paid a mortgage on, it was in in the middle 2s. It was a palace (at least to me).

I wish there was someway to get this data anonymously from Patnetters; well, double-anonymously. I don't want anyone who might otherwise respond not to for fear of being pilloried for their DTI.

Mine is close to $1300 a month.

A few years ago, a good friend of mine who has been computer contractor since the early 80's. He has moved at least 9 times, and bought a house each of those times. He told me that even going back to then, the average nut on a mortgage has always been about $1200-$1500 a month.

I don't own, but my firends who bought in CA range from 3- mid 4,000 bucks a month . This is including taxes and these were not even great areas-mostly east bay area. They all put a nice downpayment too.

That is what scared me off buying. Upto 2k I am fine and will buy, but above that -in this global economy, don't want to risk -would rather have liquid assets and ability to downsize rapidly if I hit a period of extended unemployment-though now that I am close to settling down family wise-we shall see how that affects everything. If the weather wasn't so bad-would have stayed in the midwest.

However with the current very low mortgage rates, not sure how much they are paying?

P - 227.64
I - 412.71
T & I - 360.40

total = 1000.75 per month as the mortgage payer

i rented this same place almost ten years ago for 750$ per month, so if principal repayment is forced savings, then it's fairly comparable to own instead of rent. Factor in preferential tax treatment for owning mortgage debt rather than renting, and it's actually "cheaper" to own, than to rent. However, as a renter, i would never have sunk the time or money or labor into all the improvements.

About $1,900. We bought about a year ago. Prior to that, we rented for about $1,600. This is in the East Bay.

Prin - $628
Int - $1328
Tax - $792
Ins - $83

Total - $2,831

House in SF

1468 in San Jose. 5 years til payoff. Then it will be about 425 a month.

Around $350/month. House is paid off. That includes taxes, insurance, and utilities.

$1150 a month, here in Houston (Missouri City actually, which is just outside Houston). Bought in 2011.

Thanks to all who responded! This has helped!

JodyChunder says

Thanks to all who responded! This has helped!

Yes, this was a good idea. Buy vs rent calculators try to use a formula based on % of purchase price, but sale price depends partly on interest rates that have nothing to do with other carrying costs. It would be a good idea to build up data and heuristics based on itemized costs (PITI, maintenance, etc.).