Homeowners !

Since we're getting personal, lol.
Including mortgage, taxes, and bills do you think budgeting $4K a month is a proper amount for owning a home? Or do you think it will be more or less?

I am stressing because I hear the people I work with b!tching about owning a house and everything, and I am learning of new $$$ that I never even factored in. I don't think we can afford paying that much money and now I am totally freaking out and am seriously considering moving to Kentucky or something.

i work with money so i have a good way to gueess

on AVE (of course it can be more or less )

every 100k of a mortage relates to 1k of bills

400k house,
4k bills etc


this includes car stuff phones etc

That sounds pretty good. Remember, your mortgage payments will be based on your downpayment.......larger downpayment, lower mortgage payments. Longer mortgage term, lower payments, etc.

Your monthly expenses will be the following:

Mortgage
Taxes
Water
Electric
Gas (if applicable)
Cable
Phone
Internet
Cell phone

And don't forget FOOD and GAS (for your car)!

i don't think you need more than that

we are not spending that much but we have a co-op

our house was $400k
the mortgage is over $3k a month(but that because of the taxes are included which is over $11k a year)

oil-$235pm
lipa-$137pm
triple play- a litlle over $200pm
grocery & other supplies needed for house-$600-$750pm

plus we have cc that we opened to furnish the house.
pc richards, raymour & flaningan, ge(central air)
oh and fh has his own personal cc and school loan to pay
i have one cc and my cell

im sure im missing something

how we're paying for this wedding.. i have no idea.
now my head hurts!!!

co ops are diff. our maint. is a lil under 900$ a month. im not sure what ur paying rita.. but every1 i know that lives in a co op thats not stupid clearview is paying 5-700. we're so angry

cant wait to get out of here

LI TAXESS ARE RIDONNNKKKULOUS!!!

we're def staying in queens

morgage 2500
maintenance (i'm in a condo, its $450)
triple play 105
cell phones 130
electric varies
car & ins 350
food as low as you can!

http://www.amerisave.com/mortgage-calculators/

Found this site extremely helpful when I was looking. (Substitute maint. for taxes and it should give you a good idea if you are looking at co-ops.)

I'm completely responsible for anything having to do with money in our house so I can help here.

Our mortgage is $2498/mo but that's because a very large down payment was made in the beginning.
We use oil heat which obviously varies but we probably spent at least $4k this past year because we got locked in a contract at a higher rate.
LIPA averages $100/mo, more in the summer, less in the winter.
Cable is $155 or so per month, including phone and internet
Sewage for us is less than $100/yr
Water is about $150/yr I think
We spend a lot on groceries because we almost always cook at home.
Gas varies.
Taxes for us are about $6k and change but it's higher for us because we have the house and then the property across the street.
Auto insurance/payments for us is also not really comparable because we have 3 cars with full coverage and I think most people have 2.

I think $4k for a budget might be just fine, it just depends on your mortgage, gas, groceries, etc.

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Posted by grkbarbie

co ops are diff. our maint. is a lil under 900$ a month. im not sure what ur paying rita.. but every1 i know that lives in a co op thats not stupid clearview is paying 5-700. we're so angry

cant wait to get out of here

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Come to Brooklyn! Our mte is $502!