Hi Teri:
I am a realtor here in Brigantine with Prudential Fox & Roach and I would like to give you some insight into your finacial question. Your payment can vary for several reasons. Flood insurance is required and can be costly if proper venting is not present to bring down the cost. Flood Insurance can run as high as $1700.00 a year but you can add flow vents and re-certify the elevation certificate with your surveyor to lower this cost. Homeowners insurance is about $700.00-$1200
per year. Depending on your credit score, your mortgage interest rate can vary. You can also pay points to lower this number as well. Your payments would be approx $2,700.00 at 5.8% 30 year fixed rate mortgage and higher side insurance estimates. This also includes your taxes in Brigantine which would run around $4,500 per year.
I would be happy to assist you with any other questions you might have. Please feel free to contact me.
Best Regards,
Mary Ann - Sun Jun 1 2008, 06:35