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A comment on Lumber crash leads to 'blowout' sales as prices crater. Parent comment

Re:Lumber crash leads to 'blowout' sales as prices crater by tayo42 on Thursday September 16, 2021 @02:04AM (#28548586)
there's also insurance, pmi if you didn't do the down payment, hoa seems common, taxes. Thats all more then 50% of my take home. (Im not including my rsu, im hesitant to budget off that theyre so variable) And a million dollar home is cheap at the moment. Looks like the median in sf if 1.5million.
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Re:Lumber crash leads to 'blowout' sales as prices crater by kiklion on Thursday September 16, 2021 @01:33PM (#28554622)
I financed 250,000 of a mortgage last year, and my mortgage payment is about $1200 a month (including taxes and insurance)

Assuming taxes and insurance correspond with a % of home value, a 1 million mortgage would be about $4,800 a month.

Or about $4,000 a month if talking about a $1 million dollar house with 80% financed.

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