Viewing a single comment thread. View all comments

tapo t1_ix1slad wrote

Reply to comment by BeatriceDaRaven in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus

what was the purchase price?

1

BeatriceDaRaven t1_ix1tb2s wrote

$500-550k range, 1930s house that needed decent work

2

rainniier2 t1_ix3qrew wrote

I’m not sure what interest rate you’re using but a $550k mortgage is about $3600-3800/month right now. If you’re using the estimates in Zillow the interest rates they use in their calculations are not up to date. You have to go in and change them to todays reality.

1

BeatriceDaRaven t1_ix4bkbe wrote

I know, that's why I literally said "my payment would be a lot worse today at market rate". Your own calculations being you to 36-3800, that's a far cry from 5-6k op is talking about. Which was exactly my point.

2

giritrobbins t1_ix8kzid wrote

Are there homes even at that price point any more?

1

BeatriceDaRaven t1_ix8lcko wrote

yes, and the market has cooled off substantially you have so much more negotiating power as a buyer then I did at time of purchase

1