Has Anyone Paid Off their Mortgage?

[johnnymk]

I paid mine off after ten years in my house. It was such a great feeling.

If not, how much are your monthly payments, including taxes?

[Mommypooh]

No we just started a mortgage in June. We pay 480 a month and then we have condo fees on top of that. they are 124 a month.

[guiseppewv]

I wish I could buy a house around here for < $500/month.

[attgig]

No we just started a mortgage in June. We pay 480 a month and then we have condo fees on top of that. they are 124 a month.

wow.

double wow.

i'm right there with ya guisseppe

[Grafalgar]

480? Holy crap. That's less than my car payments.

That's it, I'm moving to Ohio. :gle:

[mcs328]

My parents paid off their mortgage. I just started last year and mine is 1150+200 condo fee. I hope to upgrade to a townhouse or try to get a place so my monthly payment is under 1000 inlcuding HOA or whatever.

[gwilks98]

I just made payments 1 and 2. I did the 80/10/10, so I technically have 2 mortgages.

Total, with taxes and insurance included comes to about 925. Thinking about how far away that final payment is knowing I just started makes me despair a bit.

Kudos to you!

[Mommypooh]

well we bought a condo that is a 2 bedroom ranch that is only like 760 square foot, with a basement. It was a starter even though we need at least a 3 bedroom, we hope to move again in like 5 years. Oh also in a bad school district. If I wanted a good school I would have to add like 30,000 to the price for something this size.

[Grimm]

My interest rate is low enough that it is more worthwhile to save the cash and invest it.
I have a 30 yr fixed rate mortgage, not one if those interest only APR ones that will end up bankrupting people later when rates go up.

So long as I stick with low risk investments that return more than I am paying in interest (after considering taxes) then I am safe. I will also have a hedge against hard times in the event something goes wrong. Equity in a home is nice, but not always the best investment option. It's a good one, but depending on circumstances, other investments might be more appropriate.

If I was older, I would see boosting equity as the best for me, but right now, careful investment appears to be my best choice.

[DarkFury]

No we just started a mortgage in June. We pay 480 a month and then we have condo fees on top of that. they are 124 a month.
Is that including taxes and insurance? If so.. then what is the square footage?

Here in Indy, with taxes and insurance included, I'm paying about $670 per month for about 1600 square feet of house.

[MikeD]

4 years into our 30 year fixed, though it's not going to take us that long. Payment is around $2,100/month...

Congrats MK. I bet it's a great feeling. :cheers:

[Cubsfan]

~1175 a month, including property tax and insurance.

~1800 ft^2 home in Colorado.

[InfiniteNothing]

$3620/mo 500 sq ft condo in SD :hihi: ;)

[MikeD]

$3620/mo 500 sq ft condo in SD :hihi: ;)

:faint:

Ouch...

[johnnymk]

$3620/mo 500 sq ft condo in SD :hihi: ;)

Are you serious? That's over 40K per year. And only 500 square feet?

[Mommypooh]

Is that including taxes and insurance? If so.. then what is the square footage?

Here in Indy, with taxes and insurance included, I'm paying about $670 per month for about 1600 square feet of house.

760 sq ft. with a basement under it that is the same sq ft.

Um insurance is separte because it is a condo and that is only 14.25 a month. So all in all I pay a total of about 618.00 in all.

I live in the inner city school district where football games can't have the visting teams sepatators. Unless you go to the home teams school you can not watch the game. This also goes for basketball. We also have elementary kids bring knives and guns to school. so Really not a good school district. I will be home schooling my kids for at least five years while we live here.

[psycho-]

$3620/mo 500 sq ft condo in SD :hihi: ;)


Hahah..it's bad but not THAT bad. I put 40% down and I'm still paying approx 2700/month after property tax and HOA fees.

[InfiniteNothing]

Are you serious?
No. Just a joke.

[welfareloser]

i'm 29 with no income. i'll give you three guesses... :P

$1020 /mo (includes escrow) for 2050 sq ft in corn country.

and if i wasn't in a college town, it'd be quite a bit cheaper...

[DarkFury]

760 sq ft. with a basement under it that is the same sq ft.

Um insurance is separte because it is a condo and that is only 14.25 a month. So all in all I pay a total of about 618.00 in all.

I live in the inner city school district where football games can't have the visting teams sepatators. Unless you go to the home teams school you can not watch the game. This also goes for basketball. We also have elementary kids bring knives and guns to school. so Really not a good school district. I will be home schooling my kids for at least five years while we live here.
Wow... now THAT's a condo in "Da Hood". :heh:

Owww... I just got shot by a 7 year old. CALL A DOCTOR!!!! :eek:

[WhiskeyPapa]

We are 2.25 years into a 15 year fixed at 4.75%. Our monthly payment is $1050 for this:

http://www.idmn.com/chris/home2.jpg

(Yes, I know I've posted that picture 10 times before...)

[ialsohaveadream]

(Yes, I know I've posted that picture 10 times before...)
Showoff. ;)

I pay about $1100 a month for my 1300 sq ft townhouse in south FL.

[RIVERWIDOW]

Hahah..it's bad but not THAT bad. I put 40% down and I'm still paying approx 2700/month after property tax and HOA fees.

That would be because you are living where the turf meets the surf. Up in the rarified air. Bing Crosby's old stomping grounds. Each little perk costs. $$$$ :bow: :woohoo:

[Markel]

I heard recently that Youngstown, Ohio, has the cheapest home prices (probably speaking of urban areas) in the country.


Now, if there was just a reason to live in Youngstown.... :heh:

[MikeD]

I heard recently that Youngstown, Ohio, has the cheapest home prices (probably speaking of urban areas) in the country.


Now, if there was just a reason to live in Youngstown.... :heh:

I think you've already listed one... :)

[bachviet]

No since we just bought the house last year (29 more to go).

I don't even want to talk about our monthly payment.

[faither]

We should FINALLY be closing on our house on the 31st (or early next month). Our mortgage payment will be about $725/mo. 3,500SF but we put down about 2/3 of the house's cost.

http://www.attgig.com/uploader/stuff/46995487.IMGP8392x.jpg

[InfiniteNothing]

We are 2.25 years into a 15 year fixed at 4.75%. Our monthly payment is $1050 for this:

http://www.idmn.com/chris/home2.jpg

(Yes, I know I've posted that picture 10 times before...)

Nice intrest rate.

[brainsmile]

You guys kill me. My monthly payments on my homes combined are about $9,500 a month.

[zippyjuan]

Mortgage: about $500
Homeowners Fees: about $250
for 720 sq ft a mile from the beach which I have had for about seven years. Couldn't afford a new one now.

[mcs328]

You guys kill me. My monthly payments on my homes combined are about $9,500 a month.

Exactly how many homes you got then??? 8? Can I have one? :wavey2:

[ialsohaveadream]

We should FINALLY be closing on our house on the 31st (or early next month). Our mortgage payment will be about $725/mo. 3,500SF but we put down about 2/3 of the house's cost.
She's a beauty, faither...but where's the Prius? :)

[DarkFury]

You guys kill me. My monthly payments on my homes combined are about $9,500 a month.
I guess we all can't be as... "fortunate" huh?


Please show pity... on us "poor folks". :hmm:

[brainsmile]

I've got 3 right now. I'm contemplating a 4th.


We should FINALLY be closing on our house on the 31st (or early next month). Our mortgage payment will be about $725/mo. 3,500SF but we put down about 2/3 of the house's cost.

http://www.attgig.com/uploader/stuff/46995487.IMGP8392x.jpg
hey nice looking place!

[cheapie]

I've got 3 right now. I'm contemplating a 4th.


hey nice looking place!


investments?



I live in the inner city school district where football games can't have the visting teams sepatators.


:spock: wth is a sepatator?


We are 2.25 years into a 15 year fixed at 4.75%. Our monthly payment is $1050 for this:

http://www.idmn.com/chris/home2.jpg

(Yes, I know I've posted that picture 10 times before...)


hey...i'll be in msp next thursday. how far are you outside the city?

[ialsohaveadream]

hey...i'll be in msp next thursday. how far are you outside the city?
I need your job, Cheapie. You travel ALL the time.

[cheapie]

God has blessed me with an AWESOME job. i travel when i want so i can arrange my vacations around my business, saving me a bunch of vacation days and money.

[brainsmile]

investments?

Sort of... we charge rent to relatives who have poor credit and need a place to live. they basically pay part of mortgage and we get the tax writeoff

[WhiskeyPapa]

hey...i'll be in msp next thursday. how far are you outside the city?100 miles... Too bad you're not there Monday.

[faither]

She's a beauty, faither...but where's the Prius? :)
Hehehe...


Thank you. That's the wife's family truckster. We take a ride by each Sunday to see the progress from the week before.

I'll have to dig a pic of the Prius tonight. BTW...having my best tank o' gas ever as I'm enjoying 57MPG on this fill-up!!! Woohoo!

[ialsohaveadream]

I'll have to dig a pic of the Prius tonight. BTW...having my best tank o' gas ever as I'm enjoying 57MPG on this fill-up!!! Woohoo!
Man, I am so getting one of those. :)

[jstreet]

Couldn't afford a new one now.:stupid:

I'm waiting until the CCs are paid off and the housing market crashes to buy. Otherwise I'm a happy renter at $810.

[dbax791]

I'm getting close. My goal is to have it paid off in 6 months or sooner.

Congrats!

[Mommypooh]

*spectator


sorry trying to type with kids on the lap.

[ialsohaveadream]

:stupid:

I'm waiting until the CCs are paid off and the housing market crashes to buy. Otherwise I'm a happy renter at $810.
You're living IN actual DC for $810 a month? Do you live without air conditioning? Is your bedroom window riddled with bullet holes? Perhaps you have four roommates, and that's your share of the rent?

In other words, whose leg did you have to hump to get that deal? ;)

[Mommypooh]

Wow... now THAT's a condo in "Da Hood". :heh:

Owww... I just got shot by a 7 year old. CALL A DOCTOR!!!! :eek:

I live three steets over from the suburbs so my neighborhood is safe but the schools are the pits. especially since they have this really weird habit of trying to racially balanced means you can end up going to the school that is on the other side of town. I think it is a really stupid policy.