New home 50k loss anta nijamena ?expats lo okka threadu

[manchulomajjiga]

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

[manchulomajjiga]

Eggsperts throw some light

[allbakara]

14 minutes ago, manchulomajjiga said:

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

@csrcsr anna, aa post thechi ikkada esko, dhani title, content maripoinai nuv antha type chese lopulo

[manchulomajjiga]

24 minutes ago, allbakara said:

@csrcsr anna, aa post thechi ikkada esko, dhani title, content maripoinai nuv antha type chese lopulo

Svary vro internet issue button one time but request submitted two times

[csrcsr]

3 minutes ago, manchulomajjiga said:

Svary vro internet issue button one time but request submitted two times

Rofl telvi ga title change chesv kada anna nannu esukuntunaru

[manchulomajjiga]

2 minutes ago, csrcsr said:

Rofl telvi ga title change chesv kada anna nannu esukuntunaru

Ikkada continue chedamu vro disco , weekend e kada manchi topic

[manchulomajjiga]

3 minutes ago, csrcsr said:

Rofl telvi ga title change chesv kada anna nannu esukuntunaru

Deni paiki lepataniki na vanthu krushi chestha

[csrcsr]

Just now, manchulomajjiga said:

Ikkada continue chedamu vro disco , weekend e kada manchi topic

[mettastar]

@Sonu_Patel

[manchulomajjiga]

Yeaahh calling sonu vuncleeeeee

[Kootami]

1 hour ago, manchulomajjiga said:

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

Inni lekkalesi home konatam waste vayya . You can afford it or not anthey , hoise price will appreciate anyway its not rental property. Mari money minded laa unnadu

[Konebhar6]

1 hour ago, manchulomajjiga said:

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

This is not how you think to buy a home.

• There is no guarantee the interest prices are coming down. Buy only if you can afford the payments. 
• You cannot put a value on living in a primary home and enjoying with family. 
• Are you thinking to sell the home after 5 yrs? Why look into profit and loss. We have no idea what market looks like at that time. You might be in profit or in loss.
• We are paying $5.5/gallon for Gas in CA. It might be $4 or $3 in future. Does not mean I am making a loss now.

[pakeer_saab]

1 hour ago, manchulomajjiga said:

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

interest loss + equity loss = 100K ki ready aite pursue

but the entire amount will probably recover in 5 yrs

[Aquaman]

@Sonu_Patel

[Sonu_Patel]

On 9/23/2023 at 8:58 PM, manchulomajjiga said:

Home buying suggestion : Is ok to have a high interest loss of 50,000$ in next two years ? will this come back in equity at a later point of time ? 

Was looking to purchase a new home in TX area and the price range is around 550000K.

From the recent Fed meeting it looks like the rates are not going to come down for the next couple of years.

Trying to do math and I see that if we get a chance to refinance only after 2 years from now, that means we would be paying around 50K additional interest in the next 2 years . So that means after 5 years or so (as many here say home is not a 1 year plan rather minimum 5 year ) , the house must also appreciate that much amount which is paid in interest . So at the end of the day is this not a loss and difficult to get out if atleast break even ? (not adding all the maintenance , insurance and property taxes ) which will never come back ?

A 550K home with a down payment of 20% at 7.5% interest will be paying out 69845$ as interest by end of 2025 whereas at a 2.5% interest it will be only 23,400$ approx so is this not a loss ?

Buy it only if you can affort it anna.. 

Thumb rule.. Make sure your Mortgage payment is less than 30% of your family Take Home Net Pay. 

nenaithey 15 year loan recommend chesta evanikaina because you pay more towards your Principal. 

Ipudu unna Home prices and Interest rates ki fundamentals work out avvadam chaana kashtam.. over to @perugu_vada anna.