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median mortgage?

August 8th, 2008 at 11:57 am

Does any body know of a site where you can see every towns median mortgages? I live in NC
and I saw some where the median mortgage for the state was like 2000 or something like that and I just don’t know if I believe that or not. Most people I know is under 1000. mine and my husbands is going to be around $650 with taxes and isurance and everything. And that’s for 2000 sq. feet. Well that’s pretty big where I live, but most of you are in like California so I guess you all are use to a lot bigger houses. The average house in my town I would say is about 1200 sq. when we said we were going to build a 2000 sq ft one every body was like “ your electricity will be sky high” “ why do you need four bedrooms?” I went on lending tree.com and did the affordability calculator-huh it said I could afford a 1600 dollar mortgage! Yea if I didn’t save a penny and sat in my house all of the time!

Posted in Uncategorized | 2 Comments »

2 Responses to “median mortgage?”

  1. Broken Arrow Says:
    August 8th, 2008 at 12:11 pm 1218197501
    1218197501

    I don't know if this will help, but I've seen zillow.com mentioned frequently elsewhere.

  2. gamecock43 Says:
    August 8th, 2008 at 10:02 pm 1218232970
    1218232970

    Check monkey mamas blog from about a week ago. She lists a website that gives average home prices based on cities. You can determine the average mortgage by taking the number and subtracting 20% down (though not all homeowners do that) then dividing the remaining number by 30yrs, then diving that number by 12 months.

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