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How much do you spend on your home?
Old 12-02-2018, 09:19 AM   #1
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How much do you spend on your home?

We spend about $300 per month, just under $210 for taxes and insurance and budget $100 for repairs.


Please note this is not how much did you spend on your home also this does not include upgrades or updates.


Edit: So we are all talking about the same thing please do not include utilities. Just what you pay, if you pay a mortgage than that amount if it's paid off how much you pay for your taxes, insurance, hoa and please estimate how much you pay or budget for repairs (monthly).
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Old 12-02-2018, 09:33 AM   #2
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3k. This only includes payment,taxes, insurance and extra principal. 2 years to payoff then we will be around $500.00 a month for taxes and insurance.
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Old 12-02-2018, 09:53 AM   #3
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Mortgage is paid off. Taxes and insurance is around $650 per month.
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Old 12-02-2018, 10:03 AM   #4
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Bought it 32 years ago, so nothing today.
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Old 12-02-2018, 10:07 AM   #5
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$2284.11 All in Per Month in 2018. (No Mortgage)
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Old 12-02-2018, 10:08 AM   #6
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Originally Posted by gerntz View Post
Bought it 32 years ago, so nothing today.

No taxes or insurance and nothing budgeted for repairs?
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Old 12-02-2018, 10:10 AM   #7
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Originally Posted by ShokWaveRider View Post
$2284.11 All in Per Month in 2018. (No Mortgage)

Are you renting?
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Old 12-02-2018, 10:13 AM   #8
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Are you renting?
LOL, Nope, Owned our home(s) with no mortgage since paying off the first in 1995. But we only have one at a time and always pay cash. That number includes utilities, HOA, EVERYTHING needed to run the home in 2018. Not a LCOL area. We like the amenities and neighbors where we are. We have friends that live in LCOL areas and it is not for us.
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Old 12-02-2018, 10:18 AM   #9
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Property tax is $2400. Insurance $1000. We figure $100 monthly for maintenance. We've added a few things in the last couple years, a gas range and had the driveway paved.

Still much cheaper than our KC home with the ridiculous taxes.
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Old 12-02-2018, 10:22 AM   #10
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Our property taxes are 700/year on a house worth 350k and insurance is 60/month.
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Old 12-02-2018, 10:24 AM   #11
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Around $4K/mo. Could reduce by $1,850 if we paid off our mortgage, but no plans to do that since itís fixed at 3.3875.
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Old 12-02-2018, 10:39 AM   #12
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Property taxes last year were about $3600. However, we rent our 30-acre "back yard" to a local farmer who pays us $3700 per year. Insurance w/umbrella is about $1K annually.
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Old 12-02-2018, 10:44 AM   #13
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About $6k a year for my studio apartment within a large co-op complex. And it's only that low this year because of two unexpectedly large property tax rebates which, along with the expected third one, nearly eliminated my property taxes due this year.
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Old 12-02-2018, 10:49 AM   #14
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Property tax: $406
Insurance: $87
Mortgage: $964
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Old 12-02-2018, 10:58 AM   #15
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Property tax; $250
Insurance; $200
Upkeep; $200
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Total; $650

Note; we have 5 acres, of which at least 1 full acre is landscaped and irrigated. Home value is approx $800,000
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Old 12-02-2018, 11:00 AM   #16
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Quote:
Originally Posted by gerntz View Post
Bought it 32 years ago, so nothing today.
No property tax, insurance or repairs?
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Old 12-02-2018, 11:05 AM   #17
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Property tax, HOA and insurance comes to $850/mo in our very HCOL area.
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Old 12-02-2018, 11:05 AM   #18
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Originally Posted by Teacher Terry View Post
Our property taxes are 700/year on a house worth 350k and insurance is 60/month.
Where do you live? Typical property tax rate is about 1.2%. Yours is really low. The insurance premium is pretty low also.

Looks like Hawaii has really low tax rate:
https://taxfoundation.org/how-high-a...es-your-state/
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Old 12-02-2018, 11:16 AM   #19
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Some confusing answers above, how could you spend nothing?

We're at $459/mo - $152 prop tax, $105 insur, $71 HOA, $58 lawn fert, $73 other, $0 mortgage. But that's going to go up next year when DW buys her dream home...


I did not include utilities, TV, phone, etc. that would add considerably.
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Old 12-02-2018, 11:24 AM   #20
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Quote:
Originally Posted by ShokWaveRider View Post
$2284.11 All in Per Month in 2018. (No Mortgage)
Just to break it down a little, for those who think that it is just Taxes and insurance are the only home costs. These are monthly numbers for 2018, I am not including all our, what we consider mandatory costs.

RE Taxes: $535
Insurance: $170 (Home, Flood, Termite Bond, Umbrella)
Cable & Internet: $130
Utilities: $300
Telephone: $80
House Maintenance: $300
HOA: $300

We live in what I call a Medium Cost of Living area.
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