30 years Mortgage with 7.5% APR for 850k home

[Sonu_Patel]

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

[Anta Assamey]

Just now, Sonu_Patel said:

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

Texas aa bro... 

[psycopk]

Yea patela.. property tax 20k esko

[csrcsr]

If its 5% you are missing PMI/mortgage insurance info 4 5 hundred esuko

[VictoryTDP]

5 minutes ago, Sonu_Patel said:

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

free money anna they are paying for the luxury, ippudu  maa youth antha inthe no daddy listening, no math no economics only fun

 

 

 

 

 

 

 

[VictoryTDP]

[Sonu_Patel]

3 minutes ago, csrcsr said:

If its 5% you are missing PMI/mortgage insurance info 4 5 hundred esuko

generic ga ~1% property tax esa.. but ma @perugu_vada unna areas 2.5% daka untadi property tax..

@perugu_vada - ela kontunnaru anna.

[FrustratedVuncle]

12 minutes ago, Sonu_Patel said:

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

PMI seems to be big hight. property tax endi antha takkuva esinav. 

Aina 5% downpayment ki loans approve avvatle ee madya.

[gudboy]

14 minutes ago, Sonu_Patel said:

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

oorike analedu tejaalu ani mari

[bok]

30 years ki entha avutundo artham avuthondha asala.. 

2-3 years back ade dabbulaki 2 houses koneyachu

[CricPokChic]

15 minutes ago, Sonu_Patel said:

Home Value: $850K

Down Payment: 5% ($42,500)

Interest rate: 7.5%

PMI: 336

Property Tax(~1%): $8500

Home Insurance: $2500

HOA: $100

Total Monthly Payment: $6999 ( Principal: $599 + Interest: $5046 + Taxes and escrow: $1350)

Am i missing something ? mana New home telugu tejalu every month $5000 paying towards interest aa ?

 

 

refinance cheyyachule ani rangam loki dookesturranu....

[veerigadu]

Anna first 17 years lo interest ekkuva. Tharvatha principal ekkuvaaa. I thought you knew how amortization  works. 

[TOM_BHAYYA]

Ma midwest lo more than one paycheck 😳

Arey H4 aunty job pothe etla ra ayyaa.. unna savings anni downpayment ki pettesaaka

[Sonu_Patel]

1 minute ago, CricPokChic said:

refinance cheyyachule ani rangam loki dookesturranu....

If someone wait to refinance for 2 years.. 24 months times $5K each month equals to $120K anna... 

ah tarvatha refinance cheyincha peddaga emi upayogam.

[veerigadu]

Also closing costs, repairs, maintenance…ivvani add sesukooo vaaa please.