Monthly Mortgage Payment

[Guest]

7 minutes ago, k2s said:

chatgpt kantey thopulu unnara ?

Ade cheppindi ga..you may want to consider financial advisor ani

[Vaampire]

If anyone is laid off and couldn’t find a job in few months, they have bigger probs compared to house.

 

job pothey inko job vasthadi gaa 2-3 months lo. Worst case lo 6 months.

 

if you are comfortable with monthly payments, just go for it.. what if conditions add chesthu kurchuntey em konalemu

[Ravi860]

9 minutes ago, Ravi860 said:

I think they will look at gross income not after taxes. I believe lenders want to see if your combined monthly debt and mortgage should not exceed 43% of your gross monthly you are making. 
 

Not sure if they run these numbers before signing a home or at closing. Experts help!!!

@vampire correct ?

[Vaampire]

5 minutes ago, Ravi860 said:

@vampire correct ?

Yes correct.

[yemdoing]

1 hour 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. 

Seems stretch to me .. future expenses yem undacchu? Like kids daycare etc. ?

[no01]

16 minutes ago, sarvayogi said:

general rule edo undi 40% of gross or net minchi payments undaddu ani

check affordability calculator

home konali ani pratokkadu oogipotadu but reality is this

rent --> 1500-2000 anukunte you just pay that and forget...extra unte 2000 you can invest..worst case S and P which will eventually grow though less now

house --> 5000 anukunte..hardly 500-800 is your principal..rest 4200-4500 phuket ke you are giving to bank and govt

you can build equity loveda ani cheppaddu...eppudo aloo lakshana time ki you will get equity but aa time ki nee paisal anta naaki padesaru govt and bank

after moving to SFH I understood...2 bed rental 1600-1800 range is best and invest the rest...

kids unte 2 bed ela saripothundi? reality lo yes, renting 2 bed is best in terms of finances. Kani sontha illu (that too single fam) anedi emotional...vere dantlo we can think abt finances, like luxury cars, regular restaurant visits, expensive clothes items etc...but house anedi not all the time we should think that way.  May be you dont need 4000sft house, may be 2500 - 2700 good enough for raising 2 kids with lots of memories and good space for u and kids to play around in the house.

[Pavanonline]

1 hour 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. 

no down payment?

[no01]

Just now, no01 said:

kids unte 2 bed ela saripothundi? reality lo yes, renting 2 bed is best in terms of finances. Kani sontha illu (that too single fam) anedi emotional...vere dantlo we can think abt finances, like luxury cars, regular restaurant visits, expensive clothes items etc...but house anedi not all the time we should think that way.  May be you dont need 4000sft house, may be 2500 - 2700 good enough for raising 2 kids with lots of memories and good space for u and kids to play around in the house.

chatGPT ee human emotional factor ni consider cheyyadu...so dont rely on it  

[Rushabhi]

Kids lekunda 800k home is a stretch. Groceries, eating out and other stuff oka 1000 vesukondi. Even if you don’t have a job these won’t stop. Plus when you have kids their daycare is a minimum of 1400 per month plus all there other costs let’s say 1700. If you have 60000 in savings on top of 20 percent down payment then go for it. People say 3 months of savings unte chalu ani, reality lo if market is very bad it can easily take 6 months to get another job. 

[golmaalgovindam]

1 hour 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. 

Monthly mortgage antha endhuku vasthundhi ? 15 year loan choosthunnava

[Ravi860]

11 minutes ago, Rushabhi said:

Kids lekunda 800k home is a stretch. Groceries, eating out and other stuff oka 1000 vesukondi. Even if you don’t have a job these won’t stop. Plus when you have kids their daycare is a minimum of 1400 per month plus all there other costs let’s say 1700. If you have 60000 in savings on top of 20 percent down payment then go for it. People say 3 months of savings unte chalu ani, reality lo if market is very bad it can easily take 6 months to get another job. 

20% down is not mandatory right. 

[pandemkodi]

Dude 2.5 k ki rent cheyy house and 3 k invest cheyy or save cheyy .

why to buy 5.5k mortgage payment home especially in this situation . Don’t do it not worth it .

[BommaliNinnodhala]

If i were you — i would wait and see next few months if there will be any opportunities in future — 800 for single family in dallas is over ___

[mettastar]

Stretch .. just home ke 5500 pedthe .. utilities inko 300 min (electricity, gas, water and sewer) internet bongu boshanam extra .. idi kakunda lawn mlwing .. adi idi edo oka karchu untane untadi intiki .. so just inti meda $6k pothadi 

After that kids unte vaalla karchulu untayi ga .. inko $1k min.. 

[Ravi860]

2 minutes ago, pandemkodi said:

Dude 2.5 k ki rent cheyy house and 3 k invest cheyy or save cheyy .

why to buy 5.5k mortgage payment home especially in this situation . Don’t do it not worth it .

Home prices malli lestunnaye ani bhayam started andariki