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extra mortgage payment calculator

December 12th, 2009 by admin


on average, what do you pay for housing costs?

i’m not looking for your mortgage payment, because my hubby and i can easily use a mortgage calculator when looking for houses. but, my question is…

what extra expenses do you normally pay on your house (taxes, improvements, fixes)? i’m just looking for an average, so if you just put 30K into your kitchen, that’s not what i’m looking for.

hubby and i are just trying to see how much we will need in addition to mortgage payments.

thanks

Summer
Util – 250 per month for air (was less in a apartment with the same size, go figure)
$35 per month for water (was less in the apt.)

Winter
158 per month util
$35 per month for water

Taxes
1214 sq ft heated/ 1400 total sqf with pool – Taxes 2000 per year in Florida
3000-4000 per year for fixes/appliances – think about painting, broken items, roof, upgrades, etc.
60 per month for pool service (dirt cheap)
Home Owners Association is $220 per quarter (they mow the front lawn)

I do get a tax credit for the taxes and interest I pay on the house, so it works out well. I’m glad I bought and so glad I’m not still in an apartment. An apartment was still more expensive and I had noisey neighbors.

All the other stuff you’ll still have in any living situation, like cable, phone, etc, so I’ll leave those out.

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