My husband and I had a homebirth with a midwife in November. We have insurance, but don't have maternity coverage. We paid out of pocket for our homebirth ($3500). We also did shadow care with an OB which we also paid out of pocket for, that cost $2500 (included prenatal visits, labs and OB's delivery fee). The hospital fee was a totally separate charge and it applied just to the delivery itself. So, for an uncomplicated vaginal delivery with a 1 night stay, it was $3650. Add $1,200 additional per day for mom after 1st day. That price does not include an epidural ($850 if paid for in full before delivery) or any interventions or augmentations (that price also doesn't include any post partum problems/complications). The baby will be billed separately for any and all care done to them (routine newborn care, nursery stay, Dr. visits, vaccines, tests, etc). If the baby has to go to the NICU, that is another separate bill and another separate Dr.'s (neonatologist and/or other specialist) bill.
*The reason why I included the above is because most people think the "cash pay" (uninsured patient) price is a flat, all inclusive fee. I'm not trying to insult your intelligence.
The care we received from our midwife and our entire homebirth experience was worth every single penny and then some. I never felt that our check ups were just a "how are you eating/sleeping/feeling, followed with feeling the belly." Maybe you haven't found the right midwife? The care I received from my midwife versus my OB is night and day (I'll never do shadow care again.). I consider my midwife (a CPM) a medical professional just like myself (I'm a registered nurse). I had full confidence in her when it came to, if something did go wrong, her ability to handle it and guide us. That's really what your paying for: her expertise, knowledge and experience if something (God forbid) does go wrong.
I would look into this further before completely saying no to a homebirth with a midwife. The majority I know really love and believe in what they do and hate when money holds someone back from having the birth they want. Typically, they will work with them anyway they can (payment plans, barter, trade).
Good luck to you! Best wishes.