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Cafunesaudade OP t1_jedcd0h wrote

Reply to comment by 84740296169 in Is it worth it to buy a house in current economy? by Cafunesaudade

Yes, I believe payments would be around $2k a month. Which is not too far of from what I would be paying for an apartment - most 1brs starting at $1500

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Kinglakers2003 t1_jedutry wrote

no you need to have at least 20 percent for down payment or you will need to pay pmi, once you buy all utility becomes your problem so add probably 100-200 to electricity, water, gas, trash, then add some homeowner insurance and property tax. Don't forget about the potential cost of hoa, yard maintenance and regular interior maintenance.

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