Hellobee Boards

We are just a few weeks away from closing, but here is a rough idea of what we've got going on.
Our total household income BEFORE taxes: $2,900
Our total household income AFTER taxes (health insurance, vision and dental,taxes, 401k) $2000, barely.
Purchase price: $91,000
Mortgage price: $619.00/Month

ETA: The mortgage price includes taxes and insurance. Without, our mortgage would be $447.00

@Beebug: that's amazing!! my mom is a real estate agent in that area.. and prices are crazy! you should be able to sell so fast. and i think prices will just keep going up, so best to build now! so awesome

Our rule is to only buy as much as we can afford on one salary (though we both work).

Income: about $150k
Home price:$385k
At closing: $305k
mortgage: $1400ish

Taxes: 6k/year

We also own another property which we rent out.

@Beebug: we don't own so I can't contribute but what a gorgeous house! Love it!

Household income before taxes/year: 100,000 (monthly take home 5,000)

Home purchase price: 150,000

Mortgaged amount: 144,500

Monthly payment incl taxes and homeowners insurance: 1,071

Combined income: 85k or so
Mortgage amt: 250k (home was 270k)
Payment: 1900/month

South of Seattle, Wa.

That's a beautiful home!!

The purchase price of our home was $147,000 and we put down about $12,000-$15,000 (we bought it 5 years ago so I don't recall the exact number). Our monthly mortgage is a little less than $1,400 for a 15 year mortgage and it includes PMI, property taxes, and insurance.

Our mortgage is approximately 2.6 X our annual gross salary.

I already can't wait to sell and move out of this ridiculously expensive city!!

DH's income: 100k
Purchase price:$217k
Mortgage: $1600

We've decided I will start working part time and our combined income will be around $125k, we are looking to build a house for $300k and the mortgage will be around $1700 with lower interest rates, and 20% down.

ETA: when I don't work, with our mortgage right now, we can save $2000 a month if we are frugal.

@Beebug - Cost of the home is one thing but my other main issue is that so many places in the NCY-area require 20% down. And that's a LOT!

@littlek: @LindsayInNYC @Beebug: I know! The homes we're looking at require AT LEAST 20% down and they start at $900K. And even with that, you're looking at a house that is 60 years old and hasn't even been remodeled with a plot of land less than a quarter of an acre. That's why it's taken 3+ years to save up for a home...Makes me want to move somewhere cheaper, but then I can't imagine living anywhere else than the Bay.

@sooz: The houses we were interested inside the beltway were all over $1 million and the schools weren't great. So we had to move to suburbs, houses out here start around $600k.

@yoursilverlining: we have a similar rule.

@Beebug: Congrats! (I'm a little late in the game here)

@Beebug: Holy toledo that's amazing turn around!!! Send me some of that good juju, will ya?

@LindsayInNYC: I commute by car to Bergen county, so I have to have a parking space, and with a baby on the way, I want it to be right next to the house or in an attached garage. Most brownstones don't have that (at least, in our price range--- we've seen some 1-2 million dollar brownstones with parking. Well, with parking and close to a path station for my husband. And he only likes downtown/waterfront. Grove st. is okay, but only if its really close to the Path. Journal square or anywhere else, DH would never consider.

We saw one that was just 2 units in a brownstone near Hamilton Park and the unit for sale had a 1car garage, but the property taxes were insane....and since it was already the top of our price range and the taxes were so high, (and the inside needed some work), we decided it wasn't for us.

Buuuut, we may have found a condo we like in Hoboken. I posted another thread about it. We're going into attorney review tomorrow!