ha ha ha, what that means is the other 5 that you don’t see running, but hiding in windows and rooftops. It is a diversion technique that Al Queda use. I am a counter sniper… my shots count. No “Pat Tillman” mistakes on my range cards.
In addition to the mortgage, property tax, and insurance, you may be paying other assessment district fees. Those are add-ons that have been voted in to fund specific things. In our area, the biggest one is a flood protection district fee that was used to raise levees. I think it’s around $300 a year.
You’re probably okay if your name isn’t Will.
If you included the cost of gas in the monthly payment for your truck, you’d have a more equal comparison. When you remove taxes and interest, you see you are paying less per month on your house than on your truck.
As others have said, you are looking at totally different things. You don’t count your auto insurance in with your car payment do you? Then why count homeowner’s insurance with your mortgage payment?
I know, I know. You pay them in the same payment, but if you want apples/apples you need to compare like things. Money borrowed at interest over a period of time has the same repayment plan whether it is for a house, car, or payday loan. You just aren’t looking at your statements properly.
Why did you finance for 30 years? I financed a cheap house and land for 7 years, 30 isn’t required.
Damn, that’s one cheap house! I’m envious!
We’re paying off £150,000 (so about $250,000), so our payments are much, much higher than yours and for the same time period. And it’s a pretty small, crappy house.
Well, you have to take into account that we live up in the mountains where there is No Cell service, we just got the internet last year, if the wind blows hard enough the power goes out, we are 25 minutes from any grocery store, 35 minutes from the city, it takes the cops 45 minutes to arrive in our village, a lot of our roads are still dirt, we get more snow than most. So the desire to live here is not high, therefore we get cheap houses (for the most part). We got our house and a little over an acre for that price. We are buying more land this summer.