Thursday, August 18, 2011

What is the cost of homeowner's insurance on a $100k property ?

I am a single, first-time homebuyer and am curious how much I should expect to pay per month for homeowner's insurance. My home budget is $100k and under; I will likely purchase a foreclosure and/or condo/townhouse. I have been steadily employed at the bank where I work for 3 years, have no debt aside from credit cards which I usually pay in full every month, and my FICO is 719. I know the rates will vary but if you can help with a realistic ballpark that would be helpful. I would also like to know which types of properties will have lower insurance rates. Helpful answers are appreciated.

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