How much per month is a typical mortgage in NJ? (insurance, loan)

[GiantRutgersfan]

Can someone please give me guesstimates on the amount per month total cost would be if you bought a house at this price with 20% down? Including taxes and insurance.

Thanks!

$200k-

$225k-

$250k-

$275k-

$300k-

$325k-

$350k-

[North_Raleigh_Guy]

Originally Posted by GiantRutgersfan

Can someone please give me guesstimates on the amount per month total cost would be if you bought a house at this price with 20% down? Including taxes and insurance.

Thanks!

$200k-

$225k-

$250k-

$275k-

$300k-

$325k-

$350k-

Impossible to do without knowing what interest rate you qualify for. Also, the taxes from town to town in NJ can vary greatly and could make a huge difference!

[tamitrail]

Holy cow! What kind of a loan? What interest rate? What town and what are the taxes? Insurance is based on the type of house you have and where it is, etc.

You would need to contact a local mortgage professional to target the towns you are interested in and what type of loan you would qualify for to estimate your payments.

[haberstroh]

Alright I will tell you what we paid. The house cost $485000. We had 10% down and two loans (main loan for 6.125 interest and the other 7.25% interest on the Heloc) . Our mortgage was $2900 a month, plus $500 property tax, plus $100 insurance. Approx $3500 a month. This was NortherNJ and we bought in Dec 2005. We since sold that house for a small profit and live now in MA in a similar situation.
Oh and by the way....the house was a 40 year old split, 3 BDR, 1 1/2 Bath on a quarter of an acre in a top rated school district.

[brook2ga]

google mortgage amortization calculator. taxes vary by town. in that price range figure at least $200/month.

Mortgage Calculator -- Bankrate.com

[GiantRutgersfan]

Thanks for the calculator!

I was just looking for a guess. I know things vary depending on everything. Just a guess is fine. thanks