Just your friendly, neighborhood, geek who loves to crochet.

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Joined 2 years ago
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Cake day: June 12th, 2023

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  • My current rent: $1600 (no utilities included).
    Tenant insurance: $300 (per year!).
    Tenant total: $1625 per month.

    Mortgage calculation: $1863 per month for a $300,000 mortgage with a 10% down payment.
    Property tax: ~$300 per month.
    House insurance: ~$150 per month.
    Mortgage total: $2313 per month.

    And that is not even including the costs of repairs on the house. In my city a $300,000 house will be in need of some major repairs.

    I’d say I’m doing pretty good. I am saving that extra $700 per month myself and am in a lot better of a position than if I was paying that mortgage.