average mortgage payment in houston

The total cost of home ownership is more than just mortgage payments. Additional monthly costs include homeowner's insurance, property taxes. My house was ~$150k and my mortgage/escrow/pmi/insurance/taxes payment is $1221 a month. Bought it in 2012. Upvote 6. The average term of a reverse mortgage is about seven years, Borrowers can stop making monthly mortgage payments, and they can stay put. average mortgage payment in houston Getty Images

Metro: Boston-Cambridge-Newton, MA-NH

Median price of single-family house: $400,900
Monthly payment average mortgage payment in houston median-priced single-family house: $2,450

San Diego, California

Suburbs of San Diego, California
Skodonnell Getty Images

Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Median price of single-family house: $221,300
Monthly payment on median-priced single-family house: $1,350

Austin, Texas

David Paul Morris/Bloomberg

Here's how much you'd have to pay each month to own a home in 15 major US cities

When you're figuring out how much home you can afford, a good rule of thumb is to make sure you don't spend more than 28 percent of your gross income on housing in any given month.

You'll want to keep in mind that monthly payments encompass more than just the mortgage: They also include interest, property taxes and insurance on the home.

To give you an idea of just how much you'd have to pay per month to own a home in major U.S. cities, CNBC rounded up data from a 2017 Harvard housing report. The report determined the monthly payment on median-priced single-family houses, assuming a five percent down payment with property taxes average mortgage payment in houston 1.25 percent, property insurance of 0.25 percent and mortgage insurance of 0.5 percent.

Here's what you should expect to pay per month if you're thinking about settling down in a major U.S. city. Cities are listed in ascending order of monthly house payments.

Dallas, Texas

University Park is an affluent city in Dallas
Jeremy Woodhouse Getty Images

Metro: New York-Newark-Jersey City, NY-NJ-PA

Median price of single-family house: $388,200
Monthly payment on median-priced single-family house: average mortgage payment in houston, Massachusetts

Kasia Baumann

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Источник: https://www.investopedia.com/mortgage-4689703
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Источник: https://www.cnbc.com/2017/07/10/how-much-it-costs-to-own-a-home-in-major-u-s-cities.html

5 Replies to “Average mortgage payment in houston”

  1. You might be right, I have been told that I ramble on sometimes. In fact, when I was a kid there was an Oak tree down the street that was around 100 years old. Well, now that I think about it the town I grew up in was around 200 years old, and it was there when the town was founded, so that tree must have been 200 years old also. I never actually counted the rings of the tree, but if I were to cut it open and look at the rings, I am sure it would have 200 rings. The thing is with Oak trees they are protected in most cities, so there really is no way to verify that. I guess I will just have to wonder about that for the years to come, unless lightning strikes the tree, and then my question can easily be answered. Well that was off topic, anyhow, back to your concern. I guess I could have condensed it down to 10 seconds, but there might be some pertinent information that would have been left out. While you may like 10 second videos, and picture books - some of the viewers appreciate the in depth coverage. I mean, think about the movie The Matrix. Each one of those movies are around 2 hours (give or take) and it too could have been condensed to 10 seconds. Here is the story in 10 seconds - Man escapes the matrix, gets super powers, crashes the computer world while going blind. Now, how was that? Not very fun was it? Let's apply that to another one of life's enjoyment - dinner. I usually spend 20-30 minutes eating dinner. If I am chatting with friends, maybe 45 minutes. Realistically I could wolf my food down like a rabid beast and be done in 10 seconds, but that may not be the best for my digestive system. I mean, how much chewing can you actually do in 10 seconds? Not much. If you made it this far, I wanted to say thanks for watching my video and taking the time to comment. Have a nice day!

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