Dhenemma 150k salary is not enough for buying 2600 sqft house in NC

[hydusguy]

2 hours ago, Ravi860 said:

400k 2000sqft kuda radam ledu mostly 

minimalistic..   buy moving house.. anta sontha illu kavali ante.

desis trend ni follow avutey... jeevitham saripodu motham kattalli ante.

ppe loans, multiple  jobs baaga dobbaru..

[Konebhar6]

3 hours ago, Ravi860 said:

400k 2000sqft kuda radam ledu mostly 

400k ki house ante .. oka 1/2 dozen homes kontaniki (Cash) tho mana @Sonu_Patel ready. Ekkada ani asking

[Tryad]

dheenamma 2600sft illentraaa...

enti mee oorni mothham shift chestunnava US ki

[AryanAjay]

4 hours ago, Bendapudi_english said:

Asalu less than 400k home dhorakali ga first 

ya preowned townhomes or condos ostai aa range ki

[Bendapudi_english]

4 minutes ago, AryanAjay said:

ya preowned townhomes or condos ostai aa range ki

[Pandubabu]

1 hour ago, Tryad said:

dheenamma 2600sft illentraaa...

enti mee oorni mothham shift chestunnava US ki

Em matladuthunnav uncle .. 

[LakshmiParavathi]

6 hours ago, sarvayogi said:

150k means 12.5 gross per month

so net you get around might be 8-9k

2600 sqft home assuming 220 per sqft with upgrades will cost 600k

10 pc down means 540k loan @ 7% APR ... which is roughly 5000 EMI Per month + 2500 for utilities and home maintenance

so 7500 total gone in 8-9k. with no trips extras and luxuries or car EMI etc or home improvements etc

Now tell

@sarvayogi anna 540k loan @7% APR ante monthly interest entha ? nuvvu 5K EMI per month ela vachindi 

[ilakatamaflia]

7 hours ago, sarvayogi said:

150k means 12.5 gross per month

so net you get around might be 8-9k

2600 sqft home assuming 220 per sqft with upgrades will cost 600k

10 pc down means 540k loan @ 7% APR ... which is roughly 5000 EMI Per month + 2500 for utilities and home maintenance

so 7500 total gone in 8-9k. with no trips extras and luxuries or car EMI etc or home improvements etc

Now tell

Antha bagane undhi if this is single income, kaani manollu wify salary vadaara ? 

[Konebhar6]

2 hours ago, ilakatamaflia said:

Antha bagane undhi if this is single income, kaani manollu wify salary vadaara ? 

Single income ante wife not working ane kada ardham?

[sarvayogi]

2 hours ago, LakshmiParavathi said:

@sarvayogi anna 540k loan @7% APR ante monthly interest entha ? nuvvu 5K EMI per month ela vachindi 

poi online to 540k loan with 7 APR put you will only understand. I have 4 homes ..So all these numbers are on my finger tips

[sarvayogi]

2 hours ago, ilakatamaflia said:

Antha bagane undhi if this is single income, kaani manollu wify salary vadaara ? 

adi chepta...assume wife gets another 100k...so some 6k additional in hand..but proportinately home improvements + groceries + extra car all will grow..so oka 4k teesei...2k will be left...if she also does 401k etc then nothing left

[ilakatamaflia]

2 hours ago, sarvayogi said:

adi chepta...assume wife gets another 100k...so some 6k additional in hand..but proportinately home improvements + groceries + extra car all will grow..so oka 4k teesei...2k will be left...if she also does 401k etc then nothing left

Ila aithe 250k income ki koooda , life lo peace undadhi annamata … 

[Maggavale]

Ekkadunnav anna @Sonu_Patel , pilla kayala ki help cheyu .

[YeddiBK]

16 hours ago, sarvayogi said:

chepta inuko .. I told utilities and home maintenance

electricity 

water 

gas

sewer

trash

internet

pest control

lawn care

furniture konte monthly EMI

monthly groceries both american and Indian

 

top to lawn care oka 1000 esko...initki konna items ki EMI minimum 500 esko...groceries inka cheap lo 1000 esko

konni you can do DIY and konni sarlu EMI or groceries can be more

blind rule is house EMI + 50% of it for rest of stuff combined

[sarvayogi]

bottom line is never go with fellow desi mates..vallu konnaru ani manam konali

its all financial discipline

40% of net ki ekkkada dorikite akkada buy and pay off loan soon

5% down chesi 800k illu konollu bayataki show off...but lopala literally paycheck to paycheck..