Monthly Mortgage Payment

[FrustratedVuncle]

1 minute ago, gudboy said:

h1 lo job pothe extra karchulu untai bro..for running payroll taxes etc adi inko bokka

Anni smooth roads undav. Risk unna chote result kuda untadi. 

[SaradaChinnodu]

4 hours ago, Sonu_Patel said:

Callling financial experts, Average ga oka 800K plus home ki mortgage payment average $5.5k per month ostundi.. 

our monthly take home net is $10k after all 401k, health insurance,  other deductions .. blah blah

What do you suggest ? 

For example if any one in family gets laid off, in that case net amount will be less. how are people able to make these financial decisions. 

bro, your monthly payment is half of your net pay which is very high. I usually suggest ppl to have 25-30% of their take home pay as mortgage payment. Or else you would be in high risk zone in case of job loss. So I would suggest you to have at least 6 months of expenses saved up,  go for 20% down payment and see if you can go with mortgage payment of 30% net pay.(Go for a decent house or little far) Don't go out of your way and buy something too big.( illu anedhi Jeevitham lo okksare kontaru, brindavanam bongu boshanam ani vanda cheptharu pulihora rajalu)  Or else you will be house poor and house will own you (not the other way) which will be unwanted stress. Good luck.

[IamBhagatSingh]

2 hours ago, VeeragandhamVaampire said:

Who making 10K with family working these days ?? Individual net pay is more than 10K, everyone salary is minimum 180K in current market and with wife easy 20K net(excluding taxes, 401, insurance etc ) without any doubt 

Em matladutunav bhayya, naralu cut ipotunay

[Sonu_Patel]

40 minutes ago, SaradaChinnodu said:

bro, your monthly payment is half of your net pay which is very high. I usually suggest ppl to have 25-30% of their take home pay as mortgage payment. Or else you would be in high risk zone in case of job loss. So I would suggest you to have at least 6 months of expenses saved up,  go for 20% down payment and see if you can go with mortgage payment of 30% net pay.(Go for a decent house or little far) Don't go out of your way and buy something too big.( illu anedhi Jeevitham lo okksare kontaru, brindavanam bongu boshanam ani vanda cheptharu pulihora rajalu)  Or else you will be house poor and house will own you (not the other way) which will be unwanted stress. Good luck.

prices ekada chusina 750 - 800K unnae bayya

[Sonu_Patel]

2 hours ago, Pandubabu said:

Dallas lo 800k endhi saami.. 3500+ sq.ft ??

Evado konnadani pedha houses Konaku bro.., lot of maintenance and utility costs and property tax..

See what you really  need 

yes bro.. close to 3500 sft ... we really need space since we both work from home.

[areyentiraidhi]

5 hours ago, Sonu_Patel said:

Callling financial experts, Average ga oka 800K plus home ki mortgage payment average $5.5k per month ostundi.. 

our monthly take home net is $10k after all 401k, health insurance,  other deductions .. blah blah

What do you suggest ? 

For example if any one in family gets laid off, in that case net amount will be less. how are people able to make these financial decisions. 

baga fix ayav ga uncle , inkem why asking suggestions , go ahead and buy, edhi ayithe adhi tharvatha vishayam.

[Sonu_Patel]

6 minutes ago, areyentiraidhi said:

baga fix ayav ga uncle , inkem why asking suggestions , go ahead and buy, edhi ayithe adhi tharvatha vishayam.

recession antunnaru.. fichal faack aetunnae ani @perugu_vada antunde. 

[VeeragandhamVaampire]

49 minutes ago, IamBhagatSingh said:

Em matladutunav bhayya, naralu cut ipotunay

That’s fact 

[IamBhagatSingh]

1 minute ago, VeeragandhamVaampire said:

That’s fact 

Ikkada 100k ke dikku ledu

[Pavanonline]

24 minutes ago, Sonu_Patel said:

yes bro.. close to 3500 sft ... we really need space since we both work from home.

both of you working antavu, 10% down chesthe no savings antavu. em chestunav sami paisal

[Pavanonline]

3 hours ago, Ravi860 said:

So basically 220k total savings unte thappa.. home buying ki NO anena 😯. Does desi folks buying homes really have that much savings? 

if both are working easy peasy kada bro. interest rates intha lekapothe need not down so much.

[areyentiraidhi]

14 minutes ago, Sonu_Patel said:

recession antunnaru.. fichal faack aetunnae ani @perugu_vada antunde. 

me fichal gurunchi  perugu bro ki ela thelusu

[Vaampire]

1 hour ago, SaradaChinnodu said:

bro, your monthly payment is half of your net pay which is very high. I usually suggest ppl to have 25-30% of their take home pay as mortgage payment. Or else you would be in high risk zone in case of job loss. So I would suggest you to have at least 6 months of expenses saved up,  go for 20% down payment and see if you can go with mortgage payment of 30% net pay.(Go for a decent house or little far) Don't go out of your way and buy something too big.( illu anedhi Jeevitham lo okksare kontaru, brindavanam bongu boshanam ani vanda cheptharu pulihora rajalu)  Or else you will be house poor and house will own you (not the other way) which will be unwanted stress. Good luck.

25% take home tho mortgage antey ekkada vasthadi vayya home?

[Sonu_Patel]

3 minutes ago, Vaampire said:

25% take home tho mortgage antey ekkada vasthadi vayya home?

ee houses rates ki more than 50% of the net samarpinchukovalsi vastundi

[areyentiraidhi]

27 minutes ago, Sonu_Patel said:

recession antunnaru.. fichal faack aetunnae ani @perugu_vada antunde. 

look in suburbs bro.. try to stay at 550-600k, less stress in this market.

set your expectations accordingly.