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Profile picture for jbreneman1

how do i figure insurance cost for a mortage?

if my mortage  is  $735 is there a way to estimate what my insurance might be?

1st time home buyer looking to put an offer on a house and trying to find what i would be looking at for a mortage payment?

its a house listed for $104,900 (foreclosure)

  • April 25 2009 - South Lyon
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Answers (3)

Profile picture for carmen25
Im an insurance agent and I will tell you one thing.....
There is no way to give you a price without knowing more details....Like the first person to post and say $35/month, there is no way to know and I advise that you should not go by that figure...

A lot of things are figuered in to a policy to give you a quote. For example, the age of the property, the square footage, location, whether you are eligible for discounts (Auto/Home/Life, etc), upgrades, if adding earthquake or hurricane or flood coverage, so on, so on, and so on. It is too many things to list... :)

In conclusion, you should contact an agent in your area to give you a quote :D
  • August 27 2009
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depends where you live....hurricane states are a lot higher.  ask an agent.
  • August 27 2009
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Probably you need to talk to an insurance agent for this, but my off-the-cuff estimate would be that your homeowners' insurance payment would be about $35/mo.
  • April 25 2009
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