Are you looking at the payment estimates for a mortgage, or are you talking about rental prices for rental listings?
If you're talking about mortgage estimates, many of these will put in base numbers (20% down, low interest etc) and might not include extras like property taxes and insurance, therefore making the numbers seem lower then they might actually be if you were to own the home in question.
If you're looking at rentals, the comments below sound right to me! If it seems too good to be true, it probably is!
If you are looking at the mortgage calculator, check and see what all is included. They typically show 20% down and only principal and interest, unless you go into advanced options. That is where you can also have it calculate homeowners insurance, taxes, HOA fees, mortgage insurance, etc. Those are all things that will/may have to be paid each month depending on the house and your down payment.
I would definitely adjust your down payment and make sure other fees are included when you are getting a rough estimate. Then, when you find a house you love your Mortgage lender can give you exact calculations.
Best of Luck!
Vicki Blaser &
Nicole van Winden
Two Tucson Natives
Tierra Antigua Realty
Let Natives Work for You!!
Make sure to familiarize yourself with the possible scams to avoid being one of its unwitting victims. With that in mind, check out this article on MSN.com to learn more about the different kinds of scams out there.
Be safe out there!