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[dalton99a]

This message was self-deleted by its author (dalton99a) on Wed Dec 25, 2024, 02:45 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.

[DeepWinter]

1. Some napkin math

My taxes and insurance are not escowed into my monthly Mortgage, but...

My yearly insurance and property taxes /12 would add 39% onto my monthly Mortgage payment. (Bought 2007)

So, yea, not too far off. Allbeit, my Mortgage payment is pretty low since I rolled over a lot of equity from prior houses, so it's probably not a fair compairison skewing the % up.

As I tell my daughter, buying the house is just the begining of your expenses. Buying at your top limit is a set up for disaster.

[comradebillyboy]

2. Yeah, I paid off my mortgage so all that's left

are taxes and insurance.

[MichMan]

3. They also get passed on to renters by landlords

[dalton99a]

4. Yep.

[CousinIT]

5. Yep. Mine is about 70-80% of the cost of my mortgage. Soon to be about 98% of it...

...by the time the 'reassessments' are done and the cost of a couple of bonds is added (I voted against them, but they always pass).

Very soon, taxes and homeowners will be equal to the cost of my mortgage and then will exceed it in a very few years.

[mitch96]

6. Insurance for sure.. Car and home is WAY up there...nt