kevinUsa Posted August 22 Report Posted August 22 Loan Details Home price: $650,000 Down payment (5%): $32,500 Loan amount: $617,500 1. Mortgage (Principal + Interest) At 3% for 30 years on $617,500: 👉 ≈ $2,605/month 2. Private Mortgage Insurance (PMI) Still required (since <20% down), but slightly lower because loan is smaller: ~1% × $617,500 = $6,175/year ≈ $515/month 3. Homeowners Insurance Average in Virginia: ≈ $150/month 4. Property Taxes At ~1% annually: 1% × $650,000 = $6,500/year ≈ $542/month 5. Maintenance & Repairs Using 1% rule: $6,500/year ≈ $542/month 📊 Monthly Cost Summary Component Monthly Mortgage (P+I) $2,605 PMI (if <20% down) $515 Homeowners Insurance $150 Property Taxes $542 Maintenance Reserve $542 Total (with PMI) $4,354 Total (no PMI) $3,839 6. Cumulative Cost (2022 → mid-2025, ~36 months) With PMI: 36 × $4,354 ≈ $157,000 Without PMI: 36 × $3,839 ≈ $138,000 ✅ Final Answer (for $650k, 5% down, 3% interest): Mortgage-only: ~$2,605/month All-in (with PMI, insurance, taxes, maintenance): ~$4,350/month Total paid so far (3 years): ~$157k (with PMI) or ~$138k (without PMI) Quote
8pm Posted August 22 Report Posted August 22 23 hours ago, Sonu_Patel said: Good home, evaranna local VA lo interest unte offer veseyyandi.. It will help their move to India. https://www.zillow.com/homedetails/114-Elmsley-Ln-Stafford-VA-22554/337844419_zpid/   Bagundanna Quote
DallasKarreBaluu Posted August 22 Report Posted August 22 3 hours ago, kevinUsa said: Loan Details Home price: $650,000 Down payment (5%): $32,500 Loan amount: $617,500 1. Mortgage (Principal + Interest) At 3% for 30 years on $617,500: 👉 ≈ $2,605/month 2. Private Mortgage Insurance (PMI) Still required (since <20% down), but slightly lower because loan is smaller: ~1% × $617,500 = $6,175/year ≈ $515/month 3. Homeowners Insurance Average in Virginia: ≈ $150/month 4. Property Taxes At ~1% annually: 1% × $650,000 = $6,500/year ≈ $542/month 5. Maintenance & Repairs Using 1% rule: $6,500/year ≈ $542/month 📊 Monthly Cost Summary Component Monthly Mortgage (P+I) $2,605 PMI (if <20% down) $515 Homeowners Insurance $150 Property Taxes $542 Maintenance Reserve $542 Total (with PMI) $4,354 Total (no PMI) $3,839 6. Cumulative Cost (2022 → mid-2025, ~36 months) With PMI: 36 × $4,354 ≈ $157,000 Without PMI: 36 × $3,839 ≈ $138,000 ✅ Final Answer (for $650k, 5% down, 3% interest): Mortgage-only: ~$2,605/month All-in (with PMI, insurance, taxes, maintenance): ~$4,350/month Total paid so far (3 years): ~$157k (with PMI) or ~$138k (without PMI) Srikanth lost money anna deeniki 600k kuda evadu pettadu market lo conditions changed. kanisam vadu 1600$ peduthe dallas lo 2 beds vachedhi 50k velledhi rental ki. ipudu veedi extra 100k bokka cc @Sonu_Patel  Quote
Sonu_Patel Posted August 26 Author Report Posted August 26 On 8/22/2025 at 3:29 PM, DallasKarreBaluu said: Srikanth lost money anna deeniki 600k kuda evadu pettadu market lo conditions changed. kanisam vadu 1600$ peduthe dallas lo 2 beds vachedhi 50k velledhi rental ki. ipudu veedi extra 100k bokka cc @Sonu_Patel  konchem high price yettadu but looks like he took care of all paint and repairs and stuff.. sale aepoddi very soon. dont worry. 1 Quote
Democraticcompulsion Posted August 26 Report Posted August 26 On 8/21/2025 at 12:58 PM, Coconut said: Bought For 750k and selling for 875k..125k profit in 3 years is good deal Bhavani??? Assuming home sells for the listed price, 6% agent commissions potayi. 822K. Closing costs 50K teeste, 752K. So far kattina interest on home loan inko bokka. He won't be making anything on this sale. Quote
Sonu_Patel Posted August 26 Author Report Posted August 26 21 minutes ago, Democraticcompulsion said: Assuming home sells for the listed price, 6% agent commissions potayi. 822K. Closing costs 50K teeste, 752K. So far kattina interest on home loan inko bokka. He won't be making anything on this sale. 6% agent commissions includes closing costs kada.. malli 50K closing cost enti anna.. i dont get it.  Quote
Democraticcompulsion Posted August 26 Report Posted August 26 55 minutes ago, Sonu_Patel said: 6% agent commissions includes closing costs kada.. malli 50K closing cost enti anna.. i dont get it.  Closing costs lo other fees untayi kada.. Assuming these go towards buyer costs, 822 anukunte, about 70K migulutundi. But property taxes for 9 months would definitely be sellers responsibility. Assuming 1% property taxes, another 6K hole. Loan Origination Fee- 1% of the loan amount Appraisal Fee Credit Report Tax Service Fee Underwriting Fee Application Fee Processing Fee Document Preparation Tax Certificate Fee Flood Certificate Etc .. Quote
Sonu_Patel Posted August 27 Author Report Posted August 27 5 hours ago, Democraticcompulsion said: Closing costs lo other fees untayi kada.. Assuming these go towards buyer costs, 822 anukunte, about 70K migulutundi. But property taxes for 9 months would definitely be sellers responsibility. Assuming 1% property taxes, another 6K hole. Loan Origination Fee- 1% of the loan amount Appraisal Fee Credit Report Tax Service Fee Underwriting Fee Application Fee Processing Fee Document Preparation Tax Certificate Fee Flood Certificate Etc .. 6% poinaka.. migitha kharchulu anni buyers ki vestaru.. not for seller. Quote
Democraticcompulsion Posted August 27 Report Posted August 27 11 minutes ago, Sonu_Patel said: 6% poinaka.. migitha kharchulu anni buyers ki vestaru.. not for seller. Property taxes pakka cut chestaru.  Quote
Gorantlamdhav Posted August 27 Report Posted August 27 On 8/21/2025 at 4:16 PM, Paamu said: 875 petti 775 ki ammadu kada... atleast realtors know that no ? nuvvu roundup chesi 900 ki konesey everyone will be happy Quote
Paamu Posted August 27 Report Posted August 27 47 minutes ago, Gorantlamdhav said: nuvvu roundup chesi 900 ki konesey everyone will be happy 1m aythe Inka better ani thinking Quote
Aamphat Posted September 2 Report Posted September 2 Inka sale kaledha. annemo ma community chala hot pettageney vellipothadi annadu Quote
DallasKarreBaluu Posted September 3 Report Posted September 3 On 8/21/2025 at 12:31 PM, Sonu_Patel said: Good home, evaranna local VA lo interest unte offer veseyyandi.. It will help their move to India. https://www.zillow.com/homedetails/114-Elmsley-Ln-Stafford-VA-22554/337844419_zpid/   @Sonu_Patel anna evaru konnadam ledu price tagginchamanu Quote
DallasKarreBaluu Posted September 3 Report Posted September 3 On 8/22/2025 at 11:12 AM, kevinUsa said: Loan Details Home price: $650,000 Down payment (5%): $32,500 Loan amount: $617,500 1. Mortgage (Principal + Interest) At 3% for 30 years on $617,500: 👉 ≈ $2,605/month 2. Private Mortgage Insurance (PMI) Still required (since <20% down), but slightly lower because loan is smaller: ~1% × $617,500 = $6,175/year ≈ $515/month 3. Homeowners Insurance Average in Virginia: ≈ $150/month 4. Property Taxes At ~1% annually: 1% × $650,000 = $6,500/year ≈ $542/month 5. Maintenance & Repairs Using 1% rule: $6,500/year ≈ $542/month 📊 Monthly Cost Summary Component Monthly Mortgage (P+I) $2,605 PMI (if <20% down) $515 Homeowners Insurance $150 Property Taxes $542 Maintenance Reserve $542 Total (with PMI) $4,354 Total (no PMI) $3,839 6. Cumulative Cost (2022 → mid-2025, ~36 months) With PMI: 36 × $4,354 ≈ $157,000 Without PMI: 36 × $3,839 ≈ $138,000 ✅ Final Answer (for $650k, 5% down, 3% interest): Mortgage-only: ~$2,605/month All-in (with PMI, insurance, taxes, maintenance): ~$4,350/month Total paid so far (3 years): ~$157k (with PMI) or ~$138k (without PMI) anna entha petachu house ki Quote
DallasKarreBaluu Posted September 9 Report Posted September 9 @Sonu_Patel chowrastha anna videos cheyadam ledu enduku illu evadu konnadam leda ? cc @JANASENA Quote
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