2007-10-23 04:19:40 · 4 answers · asked by lilbagel21 2 in Business & Finance ➔ Renting & Real Estate
Yes and no. Depends on if you are buying or renting.
If you are RENTING:
Yes, you could BUY the house and pay less than that! I financed 67,500 and my mortgage is less that 600, including private mortage insurance, homeowner's inmsurance, and taxes! The mortgage payment without all that stuff is just over 400.
However, when you rent, the landlord usually includes handyman-type servcies, such as lawn care and repairs to the property.
While you could buy the house and pay less for a mortgage, when you add in all the maintenace costs, the difference is not that big.
Provided maintenance and lawn care are included, it is not that bad a deal.
If you are BUYING:
That does sound high. However, if you are on a short-term mortgage rather than a 30-years mortgage, you have credit problems,. or you live in an area with high tax and insurance rtates, you may still be getting a reasonable deal. If you are buying, ask you real estate agent or mortgage broker to explain why the payment is so high.
2007-10-23 04:23:50 · answer #1 · answered by Matthew Stewart 5 · 2⤊ 0⤋
If you are referring to a rent value for such a house, it is difficult to answer. There are expenses which the owner incurs which may affect the rent rates. Property taxes, insurance, maintenance, etc. all factor into the values of rent, along with rental market values.
2007-10-23 11:25:01 · answer #2 · answered by acermill 7 · 2⤊ 1⤋
are you paying for gas, elec, oil ,water.
2007-10-23 16:02:11 · answer #3 · answered by Ralph N 5 · 0⤊ 2⤋
Your question is unclear
2007-10-23 11:22:21 · answer #4 · answered by Anonymous · 0⤊ 2⤋