this post was submitted on 11 May 2026
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me_irl
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Well if we’re actually going to be honest nowhere in the US is there a $950 mortgage. My mortgage is 2k for a $250k house so 1k mortgage would literally be living in a slum.
Or in the absolute middle of nowhere.
Mine's $565, 3br., 2ba.
High down payment? Or crack house? Lol
$700 down payment. There's no interest, it's a Habitat for Humanity mortgage.
Oh lol that's awesome!
What's your loan:value ratio on your mortgage?
There's no interest, it's a Habitat for Humanity mortgage.
Sure. But then you really shouldn't be stating that without some hefty disclaimers. Your situation isn't really useful to guide anyone, unless they themselves go down the Habitat for Humanity path, which you didn't advise them to do.
After you add property taxes and home insurance what’s your payement? You pay that yearly or monthly so it’s disingenuous not to count it
That's the whole payment, all that included. There's no interest, no property tax, it's a Habitat for Humanity mortgage.
Does that mean people should include their renters insurance when they're listing their rent?
Yes 100%
Is renters insurance "required" where you live? If yes, then yes, you definitely include it. If not, then no.
Is it included in their rent payment like your home insurance is in your mortgage payment?
Not every mortgage payment includes home insurance in it.
Depends when you bought your house.
If they are renting and denied a mortgage then i think its safe to assume they haven't bought a house
That really depends, are you counting the mortgage as the mortgage + property taxes + insurance?
Your "mortgage" payment is usually a bundled escrow payment. My mortgage is only 425 every two weeks, but I pay the property taxes (5600 yearly) and insurance separately. I bought the house for 235k ten years ago, is value is currently 475k (according to Zillow)
I live in one of the richer areas of greater Cincinnati, in one of the top 10 school districts in the entire state of Ohio. I wouldn't call it a slum.
Separating the taxes doesn’t mean it doesn’t count. It is an additional payment or cost you have associated with your house. Not counting it in your mortgage cost is not being truthful.
After taxes and insurance your house costs you roughly $1450/month. More expensive than the example tweet and I guarantee you have a fantastic rate, probably 3.8% or lower.
It is extremely reasonable for a lender to assume that if a person struggles with rent, that they will struggle even more to pay a mortgage.
Side note nice job paying every 2 weeks. Great way to pay extra and pay less interest.
Yes, I fully took advantage of Covid and I re-financed at 2.4?
But yeah, owning a house costs a lot more than just paying the loan.
250k @4% is $950/mo for 30 years
so, yeah, bit of a stretch
am i the only one remembering trump proposing thia along with 50 year mortgage.
edit: fixed spelling
My mortgage is just over 1k, thankfully I refinanced when rates were low. It was a 200k fixer-upper but the best I could do in this area at the time. Now even though I kind of want to move, I don't want a different interest rate lol.
Not US but Atlantic Canada.
I have a 14 acre farm I bought 4 years ago.
My mortgage is just over $900 a month. Home insurance is $250