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DeepWinter

(594 posts)

1. Some napkin math

Reply to dalton99a (Original post)

Wed Dec 25, 2024, 09:50 AM

Wednesday

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.

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This message was self-deleted by its author [View all] dalton99a Wednesday OP

Some napkin math DeepWinter Wednesday #1

Yeah, I paid off my mortgage so all that's left comradebillyboy Wednesday #2

They also get passed on to renters by landlords MichMan Wednesday #3

Yep. dalton99a Wednesday #4

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

Insurance for sure.. Car and home is WAY up there...nt mitch96 Wednesday #6