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Reply to "Millennial mortgage payments "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Same boat. Mid 30s, $4k a month mortgage. [/quote] Me too. Modest row house. [/quote] $4K a month house is not modest house.[/quote] I’m in NY and this is our payment minus insurance. Our home is not ostentatious and it’s not super modest. Our house was 950k four years ago and we too refinanced over the past few years. Love our home but not sure if it would have been our forever house - but with mortgage rates like they are, it sure will be. Our payment is also relatively low bc we had help with a large down payment. But yes, in expensive markets, 4K mortgage can be a modest home if you have a standard 20% down payment and even if you have a large one. My friends in similar income brackets all bought more expensive homes so ours and our payment certainly feel modest. [/quote]
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