Are you just starting to search for a home in Green Bay WI? Along with the first time home buyer process comes a lot of questions...
- how much money do I need?
- What is the best area to live?
- Do I want a fixer-upper?
- How much do I need as a down payment?
And the list can keep going. But in this article I am going to talk about the average cost of a Green Bay house & how much it'll cost you per month.
As I am writing this article we are part way through 2020 & the average home price in the city of Green Bay is around 157,000. Of course there are houses cheaper & more expensive but that is the median.
So for a $157,000 what will be your monthly cost:
5% Down Payment: $7850
Principal & Interest: $734
Taxes: $225
Insurance: $62
Mortgage Ins: $85
Utilities: $120
Total Cost: $1229
So if it would make sense for you to be able to afford $1230 per month then buying a house might be the right option. However, if you only make $2,000 a month then a mortgage lender would not even pre-qualify you for that amount. For more information or help please reach out to us today!
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