Desi Comparision for Home Purchase

[Vaampire]

If i am not wrong, u have been discussing about buying a house for almost 2 yrs. Nuvvu ala discuss chesthunna time lo changes ayyayi.

dont overthink. If u like the home and if u can afford it, go for it. 2 yrs back vishayani vadileyyi

[matta_prabhu]

47 minutes ago, Karigipoyekalam said:

Lol ma bokadia arkansas lo rent 900 aithe mana desi pamilies 3k emi petti koni mingutunnaru 😂😂adhi kuda pakka village ki poyi ! Waiting to see the bubble burst here 

Arkansas lo kuda naa 

[Pandubabu]

3 hours ago, Sonu_Patel said:

Dont get me wrong ... 

oka friend 2021 lo bought home for 600k with 2.5% interest rate and his monthly payments are around $3500 per month

If is sign the same house today - price will be 750K with 6% interest rate and my monthly payment will be around $6000 per month. 

Unable to decide.. Overthinking chestunna anni dobbakandi.. but i cant buy time anymore!

Uncle , start giving numbers to your housing posts like Amitabh does for his tweets 

[Karigipoyekalam]

Just now, matta_prabhu said:

Arkansas lo kuda naa 

Yeah mamuluga ledu asalu 😂😂I remember folks who brought house with 200k in 2019 end lo had sleepless nights as it solely dependent on walmart ! Now 450k jujubi la pettestunnaru ! Okka layoff padithe ika anthe peka medalu ralinattu ralipotayi houses ! And even now the entire market is solely dependent on walmart as nothing changed ! Its just a waiting game looks like it has seen its peak now the least resistance path forward is DOWN 

[Pandubabu]

3 hours ago, Sonu_Patel said:

Dont get me wrong ... 

oka friend 2021 lo bought home for 600k with 2.5% interest rate and his monthly payments are around $3500 per month

If is sign the same house today - price will be 750K with 6% interest rate and my monthly payment will be around $6000 per month. 

Unable to decide.. Overthinking chestunna anni dobbakandi.. but i cant buy time anymore!

Enni Sarlu sava 10guthav uncle..

Go for it , if you can afford it . Ledhante shut all holes and buy what you can afford ..

Even working women in majority of cases,  don't look at long term finances..so, be a man and decide what you need.

DB is only for opinions and information..

[Guest]

Yentra maakidi..konte konu lekunte ledu love the Lodi..Saava mingutunnav- oka db member aavedana

[k2s]

3 hours ago, Sonu_Patel said:

Dont get me wrong ... 

oka friend 2021 lo bought home for 600k with 2.5% interest rate and his monthly payments are around $3500 per month

If is sign the same house today - price will be 750K with 6% interest rate and my monthly payment will be around $6000 per month. 

Unable to decide.. Overthinking chestunna anni dobbakandi.. but i cant buy time anymore!

compare these two home loans and provide me the monthly payments. Also suggest me when and what rate the refianancing will break even the interest costs
House 1 : $600k with 2.5% interest rate 30 yrs fixed conventional loan
House 2 : $750k with 6.75% interest rate 30 yrs fixed conventional loan

response : 

 

Assuming the loans are fully amortizing (i.e., the monthly payment includes both principal and interest), the monthly payments for the two home loans would be:

• House 1: The monthly payment for a $600k loan at a 2.5% interest rate for 30 years would be approximately $2,387.08.

• House 2: The monthly payment for a $750k loan at a 6.75% interest rate for 30 years would be approximately $4,871.47.

In terms of refinancing, you would need to calculate the break-even point, which is the point at which the savings from refinancing the loan (lower monthly payments and/or interest rates) offset the costs associated with refinancing (e.g., closing costs, appraisal fees).

Assuming you can refinance at a 4% interest rate, you can use an online mortgage refinance calculator to estimate the new monthly payment and see if refinancing makes sense for you. However, keep in mind that the actual break-even point will depend on a number of factors, including the new interest rate, closing costs, and the length of time you plan to stay in the home.

 

[Complex]

5 minutes ago, k2s said:

compare these two home loans and provide me the monthly payments. Also suggest me when and what rate the refianancing will break even the interest costs
House 1 : $600k with 2.5% interest rate 30 yrs fixed conventional loan
House 2 : $750k with 6.75% interest rate 30 yrs fixed conventional loan

response : 

 

Assuming the loans are fully amortizing (i.e., the monthly payment includes both principal and interest), the monthly payments for the two home loans would be:

• House 1: The monthly payment for a $600k loan at a 2.5% interest rate for 30 years would be approximately $2,387.08.

• House 2: The monthly payment for a $750k loan at a 6.75% interest rate for 30 years would be approximately $4,871.47.

In terms of refinancing, you would need to calculate the break-even point, which is the point at which the savings from refinancing the loan (lower monthly payments and/or interest rates) offset the costs associated with refinancing (e.g., closing costs, appraisal fees).

Assuming you can refinance at a 4% interest rate, you can use an online mortgage refinance calculator to estimate the new monthly payment and see if refinancing makes sense for you. However, keep in mind that the actual break-even point will depend on a number of factors, including the new interest rate, closing costs, and the length of time you plan to stay in the home.

 

[Karigipoyekalam]

29 minutes ago, k2s said:

compare these two home loans and provide me the monthly payments. Also suggest me when and what rate the refianancing will break even the interest costs
House 1 : $600k with 2.5% interest rate 30 yrs fixed conventional loan
House 2 : $750k with 6.75% interest rate 30 yrs fixed conventional loan

response : 

 

Assuming the loans are fully amortizing (i.e., the monthly payment includes both principal and interest), the monthly payments for the two home loans would be:

• House 1: The monthly payment for a $600k loan at a 2.5% interest rate for 30 years would be approximately $2,387.08.

• House 2: The monthly payment for a $750k loan at a 6.75% interest rate for 30 years would be approximately $4,871.47.

In terms of refinancing, you would need to calculate the break-even point, which is the point at which the savings from refinancing the loan (lower monthly payments and/or interest rates) offset the costs associated with refinancing (e.g., closing costs, appraisal fees).

Assuming you can refinance at a 4% interest rate, you can use an online mortgage refinance calculator to estimate the new monthly payment and see if refinancing makes sense for you. However, keep in mind that the actual break-even point will depend on a number of factors, including the new interest rate, closing costs, and the length of time you plan to stay in the home.

 

Very nice knowledge drops 👍

[Sonu_Patel]

57 minutes ago, Karigipoyekalam said:

Yeah mamuluga ledu asalu 😂😂I remember folks who brought house with 200k in 2019 end lo had sleepless nights as it solely dependent on walmart ! Now 450k jujubi la pettestunnaru ! Okka layoff padithe ika anthe peka medalu ralinattu ralipotayi houses ! And even now the entire market is solely dependent on walmart as nothing changed ! Its just a waiting game looks like it has seen its peak now the least resistance path forward is DOWN 

@Karigipoyekalam - kalam tho patu karigipoye aalochanalu cheyaku..

 

450K is nothing . Ikkada dallas lo oka average home ki 700k plus unnae.. and andaru remote jobs ae.. 

I did mistake by delaying.. if you can afford 450K .. go for it. 

 

maku nachey homes 750k+ minimum unnae.. andukey ee eedupu antha

[anna_gari_maata]

4 hours ago, Sonu_Patel said:

Dont get me wrong ... 

oka friend 2021 lo bought home for 600k with 2.5% interest rate and his monthly payments are around $3500 per month

If is sign the same house today - price will be 750K with 6% interest rate and my monthly payment will be around $6000 per month. 

Unable to decide.. Overthinking chestunna anni dobbakandi.. but i cant buy time anymore!

Current state of mortgage = State of stocks in January.

Wait for the crash... if middle class stop selling their house. US is gonna fall into severe recession like next 10 yrs daka ... appudu sales elaga autayi. one way or other Government is not gonna sit and watch

[anna_gari_maata]

1 hour ago, Vaampire said:

If i am not wrong, u have been discussing about buying a house for almost 2 yrs. Nuvvu ala discuss chesthunna time lo changes ayyayi.

dont overthink. If u like the home and if u can afford it, go for it. 2 yrs back vishayani vadileyyi

7.5 is too much interest rate...loan trap lo stuck aipotaru

[anna_gari_maata]

Best bet you have is pool all your savings and pay 50% of downpayment

[Karigipoyekalam]

17 minutes ago, Sonu_Patel said:

@Karigipoyekalam - kalam tho patu karigipoye aalochanalu cheyaku..

 

450K is nothing . Ikkada dallas lo oka average home ki 700k plus unnae.. and andaru remote jobs ae.. 

I did mistake by delaying.. if you can afford 450K .. go for it. 

 

maku nachey homes 750k+ minimum unnae.. andukey ee eedupu antha

Anna ma vuru dallas kadu ma motham vooru mac arthur blvd lo 5% length kuda vundadu 😂😂walmart vadu wet cloth esthe e city lo pallilu amme job kuda radhu , thata butta sardukuni dallas oo saint lucy no povali 

[Sonu_Patel]

13 minutes ago, Karigipoyekalam said:

Anna ma vuru dallas kadu ma motham vooru mac arthur blvd lo 5% length kuda vundadu 😂😂walmart vadu wet cloth esthe e city lo pallilu amme job kuda radhu , thata butta sardukuni dallas oo saint lucy no povali 

Dont think narrow minded ba.. bhoolokam lo walmart oka client ae kaadu.. chala unnae.

remote job kottu and intlo kurcho