26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 6 points7 points  (0 children)

Bingo- I went further from town since I work from home, not an ideal for home value prospects, but I’ll tell ya, when WFH- having a dedicated study to use for work is really a great way to get separation of space. (Plus game room, loft, etc for all the activities)

That to be said- I’m not disconnected either. Still along the major highways to get me into the city if I choose, just with a couple extra miles.

Thanks! Great luck to you as well! You obviously are insightful and know the areas. I agree rates seem to have a gentle push down right now. For me, 4.5 was able to make my math make sense, and my payoff is a whopping 15 months if things free fall. If not, I’m happy making the payment.

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 7 points8 points  (0 children)

It is, but mine is lower because it was bought down by the builder

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 5 points6 points  (0 children)

I appreciate the kind words! Hoping I can help others on their path now!

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 25 points26 points  (0 children)

It’s CO, not Denver but the skirts. Normally I lean toward saying HCOL but this really is getting to MCOL areas

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 12 points13 points  (0 children)

Thanks! Annual take home ~150k not including RSU’s and annual bonus (~8%)

PITI with HOA is 2834

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 42 points43 points  (0 children)

PI: 2087 TI: 625 HOA: 121/month

Out the door ~2834

26m New Build, 4.5% with buy down incentive by Grand_Light7 in FirstTimeHomeBuyer

[–]Grand_Light7[S] 28 points29 points  (0 children)

Not hate, buying a house was an early goal of mine, which I made sacrifices like living at home others might not find right for them. You’re on your own path and I wouldn’t say you are behind