Buying home in Atlanta

[chantiabbai]

1 hour ago, PhillyDotNetGuy said:

$400K budget anukuntunna......North springs metro ki accessible undali.

alpharetta/cumming? is this only option?

 

Also, 20% downpayment cheste PMI kattakkarledu anta kada. Is it really worth doing $80 K down? how much do I save on PMI?

if you can get more than 4% on investing the less than 20% money that you will be paying than not required. you can waive the PMI may be in a 1yr or 2 if the value of your home goes up.

[BongaralaLingaraju]

2 hours ago, Pravarakhyudu said:

Maximum 115 to 120 per month for PMI, I would suggest go with 15%, keep remaining money for Furnishings or Appliances like Fridge, Washer and Dryer, Sectional etc...

gp

[Gowtham7777]

naa aafice lo seneca(cummings) lo 3 konaru , all around 450, shiloh lo 1 (375 one yr old)..... 

 

picha picha ga konthunaru houses...

 

 

[Batman_fan]

1 hour ago, Pravarakhyudu said:

These Days, Alpharetta and Cumming also crossed that budget.. Minimum 500K

 

some leftover homes like south facing, no basement homes are around 440...

 

I bought home in Cumming last year 520, now in same area 600 (New Homes)....

Again it depends on the size of the home, bed rooms, schools etc...for now Forsyth Schools are good so prices also high..

In Atlanta, how much you need to earn to buy 500K house. Is it still the text book approach - monthly EMI should not exceed 30% of pay?

[TampaChinnodu]

1 hour ago, Pravarakhyudu said:

These Days, Alpharetta and Cumming also crossed that budget.. Minimum 500K

 

some leftover homes like south facing, no basement homes are around 440...

 

I bought home in Cumming last year 520, now in same area 600 (New Homes)....

Again it depends on the size of the home, bed rooms, schools etc...for now Forsyth Schools are good so prices also high..

Okka year lo 16% lepaara prices. Amaravathi style ko leputharu mana desi gallu vunna areas cities lo. 

[infoseeker786]

3 minutes ago, TampaChinnodu said:

Okka year lo 16% lepaara prices. Amaravathi style ko leputharu mana desi gallu vunna areas cities lo. 

 

3 minutes ago, TampaChinnodu said:

Okka year lo 16% lepaara prices. Amaravathi style ko leputharu mana desi gallu vunna areas cities lo. 

3 years back 250k ki konna homes ippudu 370k ki ammununa avlu unaru Cumming/Alpharetta lo

[sanbk]

h4 ead vachaka inka peruguthunai houses buying..better to wait.. thatha h1 and h4 ead lo em changes chestadoo telvadu..

[TampaChinnodu]

9 minutes ago, infoseeker786 said:

 

3 years back 250k ki konna homes ippudu 370k ki ammununa avlu unaru Cumming/Alpharetta lo

Atlanta dallas lo ide trend manolla areas lo 

[micxas]

[mekapichal_mnthmkora]

2 hours ago, Pravarakhyudu said:

Maximum 115 to 120 per month for PMI, I would suggest go with 15%, keep remaining money for Furnishings or Appliances like Fridge, Washer and Dryer, Sectional etc...

bongme kadu.. its around 150 to 200 per month.. still a lot for 15 or 30 yr mortgage.. nee monthly mortgage amount kuda increase avutundi..

[Pravarakhyudu]

17 minutes ago, mekapichal_mnthmkora said:

bongme kadu.. its around 150 to 200 per month.. still a lot for 15 or 30 yr mortgage.. nee monthly mortgage amount kuda increase avutundi..

neeku teleedanukunta, 

 

ante ikkada katte vaallu chepte kooda nammavaa...

 

PMI, you dont have to pay until the Loan period, whenever your Principle payment reached to 20% of the loan amount then the PMI go away from your monthly payment.

 

 

[Pravarakhyudu]

9 minutes ago, Pravarakhyudu said:

neeku teleedanukunta, 

 

ante ikkada katte vaallu chepte kooda nammavaa...

 

PMI, you dont have to pay until the Loan period, whenever your Principle payment reached to 20% of the loan amount then the PMI go away from your monthly payment.

 

 

FYI, the PMI comes under ESCROW, not under Monthly Mortgage Payment.

Escrow is some thing that, COunty Taxes, Insurance, and PMI (Priviate Mortage Insurance), 

 

for 400K loan i paid 15% down,  i am paying 99 as PMI,

 

ee information chaalanunkuntaa...

[aviator]

12 minutes ago, Pravarakhyudu said:

neeku teleedanukunta, 

 

ante ikkada katte vaallu chepte kooda nammavaa...

 

PMI, you dont have to pay until the Loan period, whenever your Principle payment reached to 20% of the loan amount then the PMI go away from your monthly payment.

 

 

that is correct. if you shop around you can get a loan without PMI for 10% down if everything else is good ( credit, income etc)

it would be basically a 80% loan first then a 10% HELOC with a slightly higher apr than the primary 80%

 

[Pravarakhyudu]

5 minutes ago, aviator said:

that is correct. if you shop around you can get a loan without PMI for 10% down if everything else is good ( credit, income etc)

it would be basically a 80% loan first then a 10% HELOC with a slightly higher apr than the primary 80%

 

Yes, that is correct.

[Quickgun_murugan]

3 hours ago, PhillyDotNetGuy said:

$400K budget anukuntunna......North springs metro ki accessible undali.

alpharetta/cumming? is this only option?

 

Also, 20% downpayment cheste PMI kattakkarledu anta kada. Is it really worth doing $80 K down? how much do I save on PMI?

  satisfy aye illu konukko nee sthomatha ki taggattu