To those who are homeowners, where did you buy a house, how much was your down payment, and how much do you pay monthly for your mortgage? I’m hoping to buy somewhere in the San Francisco Bay Area, preferably Daly City or SF.

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Salt Lake City UT
$246K in 2014
5% down at 4.25% 30yr. Around $1400/mon total with PMI but dropped it 3 yrs later, around $112/mon

Refinanced to 2.75% in 2020, roughly $1200/month. House worth around $570K.

If you're looking to buy in the Bay area you probably don't want to hear from me because I live in Ohio and what I put down and pay monthly would make you cry lol. But for conversational purposes, we put down $5,000 and my monthly mortgage payment including insurance is $997. My home is just under 2,500 sq. ft. and we have over half an acre of land.

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Actually in 2020

Recent IconRecent

Fort Worth, TX
20% (37k)
Minimum’s $1047.72 PITI but I’m paying $2815 to try and knock it out faster. Got a 30 year at 3.125%

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Ha, “it’s a principle(principal) thing”… pun intended? You’re not wrong, but interest is simply the price you pay to buy something you wouldn’t be able to afford otherwise. Think of all the wasted potential gains you could get in the stock market over the next 20 years 😉

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It’s dependent on many factors. I pay $3k because I have a low interest rate and paid 60% of the total cost in cash. Your mortgage will vary based on credit score, type of loan, interest rate, down payment, PMI, etc. As someone who helps people with loan docs the range I’ve seen the last few months was 5k-9k for condos, 1 bed/bath, 2 bed/1bath, and 2 bed/2bath in Daly City.

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Same price as rent here 😂

I’m crying because what are these prices 🥲 Is this real life, if so, I’m not prepared for it

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Everything got crazy expensive from the pandemic. I want to cry when I see prices before 2020. The place I bought was a rental for $1,000 less than I’m paying for my mortgage back in 2019

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San Francisco, 35% down on 2.15m, monthly payment for mortgage is ~5500, taxes ~2200, insurance ~380 (including earthquake).

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(That's a 30y fixed at 2.5%)

NJ suburb of NYC. 20% down. Just over $4k/mo.

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DMV, $340K condo (5% down at 3.8%, dropped PMI after 2.5 years). Refinanced at 3% and currently paying a $1700 mortgage plus $450 HOA fee

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Almost $6k a month thanks to $25k a year in property taxes.
I’m 50 miles from NYC

Similar for me - 30 miles north of NYC, $5300/month for mortgage + taxes which are high in my area. Down payment was 30% of house price and the result of 15 years of savings! 🙌

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20k down on 315k mortgage in 2017. PITI 1500 but I pay 2225. Phx, AZ

Suburbs just north of NYC, 20% down, 4,100per months (includes P&I, taxes and insurance) Would probably be 6k a month with todays rates and prices.

LA, 190k (20% down), monthly mortgage payment is $4100, but that includes taxes and insurance.

500k down, 1.5mm mortgage, 11.3k monthly

Bakersfield, CA
House purchased 2022 Oct
Interest rate: 5.75%
Sales price: $454K
Down payment: $20K
Monthly payment: $3K
I pay an additional $500.00 towards principal

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