Saving up for a home that costs $200,000 isn’t easy! Depending on the home’s location, you can live like a prince… or a pauper.
Two hundred thousand spent in different cities in the U.S. can get you drastically different properties. One of the homes in our slideshow comes with four beds and four bathrooms — another home comes with just one bathroom. That’s right, one bathroom, not even a bedroom!
Regardless of the property you decide to purchase, you’ll need to choose a payment plan and mortgage. Mortgage options will also vary from state to state.
- For example, a California buyer choosing an attractive loan might opt to get a mortgage through AimLoan, which is currently offering a 30-year fixed rate mortgage with 4.17% APR, and a 4.125% rate, weighing in at a monthly payment of $969.30.
- A New York City buyer might opt to get a mortgage through First Internet Bank, which currently offers a 30-year fixed rate mortgage with 4.25% APR, and a 4.25% rate, weighing in at a monthly payment of $983.88.
Check out what $200,000 can get you these days…