# 2500 A Month Mortgage

How to Live on \$2500 Per Month Mortgage: \$845. We moved to a bigger city with much more expensive housing. Our mortgage has more than doubled! (Granted, our first home was a foreclosure which is a big reason why it was so cheap) This calculates the monthly payment of a \$3.5k mortgage based on the amount of the loan, interest rate, and the loan.

You’ll end up with a mortgage payment of \$2500 or so a month and go from living comfortably to just barely getting by each month. Then, one day, the furnace will die, or the roof will leak, or something else requiring thousands of dollars will come up.

your monthly payment on a 30-year mortgage would be \$1,230 and the total cost of your loan would be \$442,746. You would save \$37 per month if you paid for a point — which would cost you \$2,500 (1% of.

In addition to the payment, you will need to budget for home insurance, taxes, and housing repairs. You’ll end up with a mortgage payment of \$2500 or so a month and go from living comfortably to just barely getting by each month.

What First Time Home Buyers Need To Know What First-Time Buyers Need to Know. If you are considering purchasing a new home, then you probably know now is the best time to buy. In fact, we haven’t seen such incredible market conditions for buyers in as many as sixty years!

For example, if you budget for a monthly housing payment of \$2,500 with two percent annually going to taxes and insurance, assuming the current 30-year mortgage rate is 4%, the math "worked.