Posting anonymously just for privacy reasons. Also I understand if no one wants to respond, I promise I’m not trying to be nosy lol. First off let me say, my husband and I bought almost 2 acres of land and are trying to get a home built. We are approved for the loan but the mortgage just seems like a lot to me lol. The price of the home would be about 216,00 (can’t remember the exact dollar amount) for a 3bed 2 bath home that is 2016 square foot. We love the house and customized it how we want it. Now we would be the first in our families to actually buy a home besides our grandparents. So neither sets of our parents have bought a house, besides a mobile home and the loans are different for them, which is why we don’t know much about buying a home and that’s why I’m asking. We are approved through the FHA with about a 4.8 % interest rate with mortgage looking around $1400-$1500 a month for 30 years. Which sounds like a lot lol. But it’s only one of my checks a month ( I make around 2800 after taxes) and my husband makes more than I do. But In the long run we would pay about $522,000 for this house if we don’t pay our loan off early. I guess what I’m asking, is this how much other people’s mortgage is on a house that is a little over $200,000 purchase price? We love the home but don’t want to be getting ripped off.