The Real Cost of Home Ownership

COST. NATIONAL Average of 1. Purchase Price $304,000 2. Mortgage Monthly Payment . $1,687 HOMEOWNERSHIP 3. Homeowners Insurance Yearly Payment . $804 4. Down Payment Average . If you cannot pay 20% then you will pay PMI Insurance -5-10% Maintenance 5. PMI Monthly Payment . „$186 Mortgage 6. Interest Per Month on a 30 Year Loan.$1,250 554042 Home Owner's Insurance THE U $41/month for every $100,00° of value on your home TERALRES EINITED STATH THIS NOTE IS LIGAL TO FOR ALL DESTS.PUBLIC AND P UNE DOLLAR Average Utility Rates by State (Cents per Kilowatthour) E 555 0428 B O ON 26 Oklahoma Alabama Georgia Ohio Louisiana Michigan LOW 774 Gas 27 7.7 28 8.03 29 8.05 8.16 Idaho West Virginia Wyoming Washington Kentucky North Dakota Oregon Nebraska Utah Indiana Montana Arkansas South Dakota Virginia South Carolina Iowa Tennessee 4.88 31 30 4.91 8.57 8.88 5-32 32 Arizona 33 Mississippi Pennsylvania Nevada Maryland Florida District of Columbia 10.72 Texas Delaware Vermont Maine Alaska New Jersey California 5.7 8.94 8.95 9.63 34 6.09 6.18 Electricity 35 6.23 6.5 6.56 6.59 10.35 37 10.41 38 Water 39 10.81 Property Taxes 40 6.6 10.87 41 6.96 6.96 11.59 42 11.7 43 7.01 13.07 44 7.1 13.2 45 46 7.15 13.8 7.28 New York 14 New Mexico Missouri New Hampshire Rhode Island Connecticut Massachusetts 47 7.47 14.37 48 748 14.5 Illinois North Carolina Minnesota Kansas 49 7.49 14.67 50 749 15.32 22 Hawaii National Average 51 7.55 7.58 7.69 7.69 21.45 Colorado Wisconsin 9.21 HIGH Average Home Price By State 06494298A 5 LOWEST Utility Rates as compared to the National Average HIGH $433K and up $387K to $433K $340K to $387K AVG $278K to $340K ID $232K to $278K 9.21¢ 4.88¢ $186K to $232K National Average LOW $186K and below wV 4.91¢ WY KY 6¢ 5.32¢ WA 5.7¢ TOP TOP MOST Expensive States to Buy a Home" LEAST Expensive States to Buy a Home? 5 HIGHEST" Utility Rates as compared to the National Average $1M $250K $800K MA $200K 15.32¢ $600K 9.21¢ National Average NY 14¢ $150K $400K $100K AK $200K $50K 13.07¢ HI ME 3 21.45¢ 11.7¢ 1. www.census.gov/const/www/newressalesindex.html 2. www.wiki.answers.com/Q/How_much_is_the_average_mortgage 3. www.homebuyinginstitute.com/averages/homeowners.php 4. www.mortgageqna.com/mortgage-payment/average-down-payment-on-a-house.html 5. www.ehow.com/how_4962734_figure-mortgage-insurance-premium.html?ref-fuel 6. www.ehow.com/how_4803909_figure-out-monthly-mortgage-interest.html 7. www.trulia.com/home_prices 8. www.electricitybid.com/average-company-electric-rate.htm Source New York