How Much Home Can You Get for $1025 Per Month in the Greater Austin Area?
$1025 per month can cover the mortgage, taxes and insurance on a $150,000 home in or around Austin, Texas.
That assumes you have good credit and can put down 20%.
The Estimated Numbers for Buying a $150,000 home for $1025 Per Month
- $120,000 mortgage at 4.75%
- Fixed-rate mortgage for 30 years
- $3,900 a year for property taxes (2.6% of $150,000)
- $900 per year for home owners insurance
If you have less than 20% to put down, or your credit isn’t the best, there are still ways to get you into a home.
(4.75% is a typical mortgage rate as of June 9th, 2011. This will change – up or down – over time.)
Search for Property for Sale in Austin for Under $150,000:
Houses for Sale in Austin Under $150,000
Condos for Sale in Austin for Under $150,000
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