psycontr Posted December 9 Report Share Posted December 9 In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? Quote Link to comment Share on other sites More sharing options...
travellerusa Posted December 9 Report Share Posted December 9 13 minutes ago, psycontr said: In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? Bank balances easily 300k per family 2 Quote Link to comment Share on other sites More sharing options...
Galactus Posted December 9 Report Share Posted December 9 21 minutes ago, psycontr said: In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? mostly two job families bro, so household income for them > 400k for them, not difficult to afford at that salaries 1 Quote Link to comment Share on other sites More sharing options...
chammakchandra Posted December 9 Report Share Posted December 9 48 minutes ago, psycontr said: In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? 2 jobs in a family can easily afford 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Android_Halwa Posted December 9 Popular Post Report Share Posted December 9 51 minutes ago, psycontr said: In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? It will be mostly their second home. Even with two jobs, $1M is not an easy thing but you have a home which is more than half way through the mortgage and refi at 2.5%, built up equity and investments, $1M home is pretty much within the reach.. 3 Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 Giving you an example of a couple I know that live in Cumming 1. Husband consulting. gets 75 per hour in hand. Net every month around 8000 2. Wife h4-EAD non IT has H1 as backup 120k. Net every month around 7000 Between them both they make 15,000 per month. Their monthly payment is around 6,000. Car payment rest everything combine their monthly expenses are around 12k. 3k in savings..Also they are building around 2k per month in equity in their house. Have savings of 80k in case the husband or wife loses their job for 6 months to an year.. 1 1 Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 44 minutes ago, ManOffSteel said: Giving you an example of a couple I know that live in Cumming 1. Husband consulting. gets 75 per hour in hand. Net every month around 8000 2. Wife h4-EAD non IT has H1 as backup 120k. Net every month around 7000 Between them both they make 15,000 per month. Their monthly payment is around 6,000. Car payment rest everything combine their monthly expenses are around 12k. 3k in savings..Also they are building around 2k per month in equity in their house. Have savings of 80k in case the husband or wife loses their job for 6 months to an year.. Also after 2 years they are expecting to refinance in the 5% interest rates which will reduce their payment by 1000 to 1500$ which is additional savings.. Quote Link to comment Share on other sites More sharing options...
jpismahatma Posted December 9 Report Share Posted December 9 1 hour ago, ManOffSteel said: Giving you an example of a couple I know that live in Cumming 1. Husband consulting. gets 75 per hour in hand. Net every month around 8000 2. Wife h4-EAD non IT has H1 as backup 120k. Net every month around 7000 Between them both they make 15,000 per month. Their monthly payment is around 6,000. Car payment rest everything combine their monthly expenses are around 12k. 3k in savings..Also they are building around 2k per month in equity in their house. Have savings of 80k in case the husband or wife loses their job for 6 months to an year.. With contracting and h4 ead jobs medha million dollar home ante sashasme. They have kids? Daycare kids expenses? Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 3 hours ago, jpismahatma said: With contracting and h4 ead jobs medha million dollar home ante sashasme. They have kids? Daycare kids expenses? One daughter..Day care and other expenses around $1500 per month which are included in their monthly expenses. Husband is working for a state client, stable contract, same client since the last 6years.. Wife is working on H4-EAD but has a H1 as a back up, she is in a non-IT field, pharma I think, her job is also stable.. Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 Also they both roughly contribute 1k per month to 401k. So 1k in 401k, 2k in home equity, 3k in savings. Total 6k is their savings in around $15k of their net salary. So 40% savings, what more can they save?? In 2 years they expect to refinance and save another $1k in mortgage payments, so the savings rate is close to 45% now.. Quote Link to comment Share on other sites More sharing options...
jalsa01 Posted December 9 Report Share Posted December 9 8 hours ago, psycontr said: In NC, GA lanti places lo. 30yrs after 20% downpayment monthi payment $7000... salaries aa range lo unnaya ? Iddaru job chestunte aavg 250-300k anna salaries.. oka 4 yrs ki 3-500k save chesi down chestunnaru Quote Link to comment Share on other sites More sharing options...
Popular Post Thokkalee Posted December 9 Popular Post Report Share Posted December 9 7 hours ago, ManOffSteel said: Giving you an example of a couple I know that live in Cumming 1. Husband consulting. gets 75 per hour in hand. Net every month around 8000 2. Wife h4-EAD non IT has H1 as backup 120k. Net every month around 7000 Between them both they make 15,000 per month. Their monthly payment is around 6,000. Car payment rest everything combine their monthly expenses are around 12k. 3k in savings..Also they are building around 2k per month in equity in their house. Have savings of 80k in case the husband or wife loses their job for 6 months to an year.. 1 hour ago, ManOffSteel said: Also they both roughly contribute 1k per month to 401k. So 1k in 401k, 2k in home equity, 3k in savings. Total 6k is their savings in around $15k of their net salary. So 40% savings, what more can they save?? In 2 years they expect to refinance and save another $1k in mortgage payments, so the savings rate is close to 45% now.. 2 hours ago, ManOffSteel said: One daughter..Day care and other expenses around $1500 per month which are included in their monthly expenses. Husband is working for a state client, stable contract, same client since the last 6years.. Wife is working on H4-EAD but has a H1 as a back up, she is in a non-IT field, pharma I think, her job is also stable.. 7 hours ago, ManOffSteel said: Also after 2 years they are expecting to refinance in the 5% interest rates which will reduce their payment by 1000 to 1500$ which is additional savings.. intha detailed ga lekkalu cheptunnav ante, aa house neede ayi untaadi.. 😁😁 8 Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 2 minutes ago, Thokkalee said: intha detailed ga lekkalu cheptunnav ante, aa house neede ayi untaadi.. 😁😁 Lucky gaa I bought a house in 2019, ippudu value is almost 850k, I bought it for 480k. Mortgage balance is now in the 200s, so mortgage badha anta ledu.. Recent gaa I went to his housewarming and we were discussing the financials, anduke inta detailed gaa I wrote.. 1 1 Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted December 9 Report Share Posted December 9 4 minutes ago, ManOffSteel said: Lucky gaa I bought a house in 2019, ippudu value is almost 850k, I bought it for 480k. Mortgage balance is now in the 200s, so mortgage badha anta ledu.. Recent gaa I went to his housewarming and we were discussing the financials, anduke inta detailed gaa I wrote.. Just kidding anna.. Quote Link to comment Share on other sites More sharing options...
ManOffSteel Posted December 9 Report Share Posted December 9 4 minutes ago, Thokkalee said: Just kidding anna.. Quote Link to comment Share on other sites More sharing options...
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