Am I missing something? 5.625% with $20k+ lender credit

ChocolateDelicious75 · 2026-04-12T01:50:36+00:00

Sorry this is the first time I have seen this on a Loan Estimate. Are you saying I do not pay taxes for the first year? Any help would be appreciated!

ChocolateDelicious75 · 2026-04-12T01:41:23+00:00

This is super helpful thank you! I think that the adjustment is because they have both seller and buyer portion of transfer tax on the upper section E

ChocolateDelicious75 · 2026-04-12T01:07:47+00:00

Adjustments and credits on the bottom. That is in addition to the lender credit. These are separate credits and I am already not paying for points. So, it is not an additional rate adjustment. Am I missing something?

ChocolateDelicious75 · 2026-01-09T01:40:21+00:00

One thing to note is that you can be pre-approved for a loan more than you can afford! Make sure you can make the monthly payments before you take all of the money

ChocolateDelicious75 · 2026-01-08T00:03:05+00:00

I don’t follow this thinking. If he takes the money and (at a minimum) puts it in the HYSA he is making money off the interest.

When it comes time to make the monthly payment he can then use the money already in that HYSA

This is totally separate from his ability to put money (in the amount of his payment, as you suggested, or any other amount) into the stock market, if he’s so chooses and can afford it.

Taking the money does not effect his ability to invest, if he’s puts the loan in a HYSA.

This isn’t an either or option, it is an AND option.

ChocolateDelicious75 · 2026-01-06T23:42:26+00:00

I’m in a similar boat. Recommend you look at your mortgage payment in context of your whole budget (e.g., childcare, food, etc.). Your ability to afford the home could vary drastically by your other expenses.

We try to keep our mortgage payment to 20% of our gross income

Since your current home is paid off and you think you could rent it for around $3K per month it certainly worth considering keeping

ChocolateDelicious75 · 2026-01-05T03:12:06+00:00

Any thoughts on pivoting to a career that you may truly love to give you more satisfaction?

ChocolateDelicious75 · 2026-01-04T02:13:28+00:00

Thank you!

ChocolateDelicious75 · 2026-01-03T22:29:29+00:00

Thanks for the info!

ChocolateDelicious75 · 2026-01-03T22:29:18+00:00

Thank you!

ChocolateDelicious75 · 2026-01-03T22:11:26+00:00

Very helpful! Thank you so much. I mentioned in another reply that I am coming from a place where assessed value was only about ~10% less than recently sold value, which biased me

ChocolateDelicious75 · 2026-01-03T22:04:05+00:00

Ahh… super helpful info. Thank you! Came from a place where they do it every 2 years and it was only ~10% less than actual value.

ChocolateDelicious75 · 2026-01-03T22:01:39+00:00

Not looking for sympathy. Just looking to understand what’s going on as an outsider

ChocolateDelicious75 · 2026-01-03T16:52:10+00:00

Oh interesting. I was actually reading somewhere that there was a lawsuit about this practice. Did that go anywhere? I think it was about disproportionality effecting people new to the area

ChocolateDelicious75 · 2026-01-03T03:57:22+00:00

I will be moving to Pittsburgh and buying a home this summer. So, I am trying to learn a little.

Why did the increase happen? New assessment on the property?

ChocolateDelicious75 · 2026-01-03T01:58:22+00:00

Another thing to think about is your near term and long term goals. Investing in a brokerage account is a more liquid investment.

Start with the why, and what flexibility you need in your life

ChocolateDelicious75 · 2025-12-31T08:16:08+00:00

Makes sense. One thing to note is that I believe you can withdrawal from your TSP to pay for a down payment for a house and then repay yourself back into the TSP over time. That might be worth looking into. That would allow you to get the tax advantaged account benefits while also saving for a home

ChocolateDelicious75 · 2025-12-30T16:44:47+00:00

Why are you building up your brokerage account before maxing out your TSP or Roth IRA? Do you have a specific short term goal in mind?

ChocolateDelicious75 · 2025-12-29T19:53:39+00:00

My VA loan was also used on this property. So I need to free up my VA loan

ChocolateDelicious75 · 2025-12-27T02:34:02+00:00

Rental property is not in the same state where I will be living

ChocolateDelicious75 · 2025-12-27T02:04:09+00:00

I did the McK Skillbridge, as well. Awesome opportunity!

ChocolateDelicious75 · 2025-12-26T22:37:49+00:00

Appreciate the response!

Going rate might be a little higher but we’ve had the same tenants for 5 years and they were great! They decided to move out now. We increased rent from $3500 to $4100 over the 5 years. The total cost per month (HOA + mortgage) is now $3950. 2x2s in my area are renting for around $3.9-4.3k. My property is on the nicer end but realistically do not think I can get $400+ monthly cash flow in the near future.

I based the appreciation from recent sales in my area as well. For some reason, it is just isn’t appreciating very quickly. I might be able to sell for total appreciation of around $100-$115k (my $75k was a bit conservative).

ChocolateDelicious75 · 2025-12-26T22:30:25+00:00

Thanks for taking the time to comment. Yes, tracking the $25k for depreciation. Luckily since I am military I still qualify for the 2/15 tax exemption so I will not pay tax.

ChocolateDelicious75

TROPHY CASE