5 responses to “What is an ideal mortgage payment for a starter home in Sugar Land, TX?”

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  Gary C December 16th, 2008 at 17:03

  RUBIN

  Ideal?
  I’d say, oh, around $1.00 per year. That’s what I’d consider an ideal mortagage payment.
  Good luck negotiating that.

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  ck December 18th, 2008 at 14:37

  CHUCK

  On an income of 80K a year, I’d never buy a home that costs as much as your range. That just straps you for cash in case anything happens. Could you do it? Probably. But, I think it’s way too much of your income going towards a home.

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  top contributor December 19th, 2008 at 18:32

  MERLE

  i eat 1000 dollars a month because i eat a lot. i make more than you and i dont’ have loan or debt. ideal for me will be much less than the rent i’m paying now, maybe 600 dollars per month? because if payment is about the same as my rent, then why buy a house? plus house may depreciate, because we never know the economy.
  you said 600.monthly, does that include food? because all my bills every month is already more than 600, plus food and others it’s a lot. plus i eat a lot(and dont get fat, lucky me). that’s why i rent now. because if the economy gets worse(like obama said), then it will be hard to sell your house one day. you might move due to your work one day because you just never know.

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  alisa_110 December 19th, 2008 at 23:20

  VIRGIL

  Your mortgage payment is based on a number of factors. Will you escrow? What is the interest rate? What is the property tax rate? With taxes, insurance and mortgage, I’d estimate your mortgage would be about 10 percent of the cost of your home. This is just an estimate. So if you get a home that cost $170,000, your mortgage payment with everything escrowed would be $1,700. But don’t forget about the yearly HOA fees, Maintenance, etc. Don’t be house poor, try and get a brand new home that has been in inventory. Inventory homes are the best deals, when you want brand new. In this Market, you have the upper hand to negotiate. Good Luck!

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  chocolatebee December 20th, 2008 at 05:24

  COLEMAN

  with your combine income being only 80,000 i would say you are looking for a quite expensive home. unless you are on a super budget and cut many corners, i would say you are going to have a hard time affording a home that costly