What kind of house could you buy with a monthly mortgage of say $1,000 a month? $2,000? $4,000?
We took a look at some homes for sale in New Jersey (no — the Jersey Shore house is not for sale, that we know of) and organized them by monthly mortgage payment range.
Note these monthly mortgage payment figures are based on a 30-year fixed loan, using the current New Jersey mortgage rate, with a 20% down payment. Estimated taxes and insurance are not included. Also, this post was written late yesterday, so rates may have changed.
Here we go:
Monthly mortgage of $1,000-$2,000/month:
For $1,388 a month, you can buy this lovely yellow home in Clinton, NJ. (below)
> See Clinton Township, NJ real estate
> See Clinton Township, NJ home values
For $1,768 a month, you can buy this condo in Hoboken, NJ (below)
> See Hoboken real estate
> See Hoboken home values
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Monthly mortgage of $2,000-$3,000/month:
For $2,400 a month, you can buy this 4-bedroom, 2.5 bath home in Milford, NJ. (below). Oh, look – they’re having an open house this weekend!
> See more Milford, NJ real estate
> See more Milford, NJ home values
For $2,527 a month, you can buy this Colonial with a pool in Branchburg, NJ (below).
> See more Branchburg, NJ real estate
> See Branchburg, NJ home values
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Monthly mortgage of $3,000-$4,000/month:
For $3,370, you can buy this 3-bed, 3-bath home in Ridgewood, NJ (below)
> See more Ridgewood, NJ real estate
> See Ridgewood, NJ home values
For $3,787, you can snag this gracious 9-bedroom 5.5 bath home in Morristown, NJ (below):
> See more Morristown, NJ real estate
> See Morristown, NJ home values
Interested in getting a mortgage? First, check current rates in your state, or others:
– See California mortgage rates
– See New York mortgage rates
– See Pennsylvania mortgage rates
– See Massachusetts mortgage rates
Then, get a custom loan quote free and anonymously at Zillow Mortgage Marketplace.