30 years Mortgage with 7.5% APR for 850k home

[Pandubabu]

1 hour 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 ?

 

 

850k loan ki 5% accept cheyadu .nee dream scenarios Anni DB lo vesthe Ela..

[pandu123b]

anna neeku cheppe anta scene ledu naku, but,  mortgage lender dti ratio & salary range chuse istaru kada.

also 850k ki appropriate ga down payment adugtaru kada? @Sonu_Patel

[Telugodura456]

1 hour 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 ?

 

 

why escrow at 1350 ?

[karna11]

Some items missing in your calculation. Disco waste

[argadorn]

1 hour ago, veerigadu said:

Don’t buy homes. It’s a scam by banks ani kontha mandhiii investor kuru vrudduluuu eppudo sepparu anna. Pellam poruuu padalekaaa kontunnammm antheee

My father didn’t take anytime always pay the the whole money and buy properties … I didn’t take loan until now… trying to buy home with 50 down 

[TOM_BHAYYA]

13 minutes ago, Telugodura456 said:

why escrow at 1350 ?

Property tax + pmi + ins

[Piracy Raja]

1 hour 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 ?

 

 

only 5% down payment aa .. yaak 

[TOM_BHAYYA]

3 minutes ago, argadorn said:

My father didn’t take anytime always pay the the whole money and buy properties … I didn’t take loan until now… trying to buy home with 50 down 

Anna ee matter Mee intlo chepthe em cinematic dialogue kodathadantav

[Sonu_Patel]

4 minutes ago, Telugodura456 said:

why escrow at 1350 ?

taxes + Insurance

[ARYA]

[Guest]

Ee basic info telikunda Inni taadulu yestunnava content creator 

[HER0]

2 hours 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 ?

 

 

Em crying threads ra howle fookoda 

[Paamu]

1 hour ago, Sonu_Patel said:

targetting November and December anna.. 

2023/2024/2025/2026………. Please clarify 

[mettastar]

https://www.bankrate.com/mortgages/amortization-calculator/

[chammakchandra]

2 hours 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 ?

 

 

Why should they think ? As long as they can come up payment every month … that’s the mentality now a days with our santha