How much is your mortgage payment (principal and interest only)?

[disneysteve]

Various threads have made me wonder how much people are paying for their homes. I realize there are all kinds of factors that enter into that - age, income, location, etc. So I don't want to turn this into any sort of debate on housing prices or income inequality or any of that stuff. Just a straight out list of what we all spend.

So if you're game, please post your monthly principal and interest payment. If you are mortgage free, share your big $0 with us, too.

Our payment is $658.

[tripods68]

We have a 15-year fixed loan @ 3.375

Monthly PMT:$2,000.00

Principal $1,087.69

Interest $616.71

Escrow $295.50

[97guns]

2 mortgages on rental properties

$305/mo with a 53k balance at around 4.5%

$406/mo with a 69k balance at 3.5%

[Like2Plan]

Zero

[TexasHusker]

Principal and interest only = $1200 +/-.

[tqf258]

6 years remaining on a 10 year mortgage

P&I $1305 per month @ 3.25%

[MonkeyMama]

$950/month

Edited to add: Purchased 2001.

Living in California and spouse mostly unemployed for past 13 years, this is clearly a 30-year mortgage. But we could refi to about $1100/month, 15-year, for reference. (I know, because we have been considering this). We bought well before the bubble, put 20%+ down, and have taken advantage of low interest rates. (I think regionally most people would not believe me if I said our mortgage was $950/month. Is much lower than average. Average is also 0% down and higher interest rates, plus more expensive home purchases. & when I Say that, I mean worse timing when buying. I don't mean that we bought a more modest house. We have a large home in a high-end neighborhood, but we also got a heck of a deal. Most in our peer group paid more for less house).

[Joan.of.the.Arch]

0 That's the big zero.

[FLA]

0 but I only own a share of this home.

I was paying $600 a month for my townhouse, taxes were $500

I owned it 11 yrs and had paid about 50k towards the principle.

[twest]

mortgage

Ours is $490.25 (Principal and Interest). We are trying to have ours paid off by beginning of next year. We are so close we can taste it!

[kork13]

Payment is $882.21 on a 15-yr fixed @ 2.75%, initially a $130k loan. In not quite 4 years, we've just this month gotten it below $100k.

Unfortunately, we're moving up to Alaska in September, so we'll probably have to sell it to have the down-payment for a house up there.... Houses up there are outrageous, more than double the cost for a comparable house!

[tripods68]

Payment is $882.21 on a 15-yr fixed @ 2.75%, initially a $130k loan. In not quite 4 years, we've just this month gotten it below $100k.

Unfortunately, we're moving up to Alaska in September, so we'll probably have to sell it to have the down-payment for a house up there.... Houses up there are outrageous, more than double the cost for a comparable house!

Our plan one day is to take a road trip from Cali to Alaska one day for the summer. Have you research the rental versus owning a home?

It might be better to rent for a little to avoid any associated transactional cost of buying (realtor fees, downpayment, property tax, fixing/upgrading, or buying furnitures) How long will you be there?

[tripods68]

$950/month

(I think regionally most people would not believe me if I said our mortgage was $950/month. Is much lower than average.

While the median prices of home is rising, I agree $950 a month is very cheap indeed. Our payment was originally $1,267 PITI 30 year. It was time to REFI into a 15-year loan last year before interest rate starts to go up.

[greenskeeper]

$1450/mo including principal, interest, and escrow.

loan origination date and location would help this thread.

11/2007 SEPA

[Jluke]

Mortgage only payments:

July 2006-2008 (30Y): $1089/month; Original
2008-2013 (15Y): $1277/month; Re-fi 1
2013 to May2016 (10Y): $902/month Re-fi 2

I think an advantage was doing escrow on my own. I had the money already saved in my money market, so I felt more free to apply extra to the mortgage using my monthly pay; esp later on in the loan life when the end was near.

Escrow started at $450/month, peaked at $590/month, and after changing insurance provider I am now budgeting $560/month on Property Taxes and Insurance.