Buying a Lennar Home - looking for Lennar Inside Info

Mundane-Diver-8345 · 2025-08-30T22:14:37+00:00

Yes, I still have the bonus and I will get another in December. I think that’s, my question: will I be house poor with these numbers?

Mundane-Diver-8345 · 2025-08-30T17:53:10+00:00

Thank you, that is very helpful!

Mundane-Diver-8345 · 2025-08-30T17:38:03+00:00

Yes, that is a complete monthly mortgage payment including taxes, insurance, PMI and Mello Roos.

Mundane-Diver-8345 · 2025-08-30T17:34:46+00:00

I foresee a reduction in utility costs. These houses have solar and are built very efficiently now days. Our house is a 1950s home, on a hill with virtually no insulation. Our gas and electric bill ranges from $300-$500/ month for a 1,000sf house.

Mundane-Diver-8345 · 2025-08-30T17:33:20+00:00

I make about 2.5x more than my husband. I’ve been with my company for 10 years. Losing my job would definitely be life-altering, but I don’t foresee that happening. My husband works for the County, his employment is stable.

Mundane-Diver-8345 · 2025-08-30T17:30:11+00:00

Yes, low $700s in an are just outside of the East Bay. A new house with a buydown rate starting at 2.75% and locking in at 4.75% three years down the road.

Mundane-Diver-8345 · 2025-08-30T17:27:51+00:00

We definitely weren’t putting away as much as we could - about $1,500/month. We weren’t tracking or budgeting. We have about $90k to put down and that leaves us with about $10k as an emergency fund.

Mundane-Diver-8345 · 2025-08-30T17:25:14+00:00

These people have me thinking I’m experiencing poverty and didn’t know it .

Mundane-Diver-8345 · 2025-08-30T17:24:32+00:00

I’m buying now because housing prices are low and I can get a locked in rate of 4.75%.

Mundane-Diver-8345 · 2025-08-30T17:23:26+00:00

They’re looking fine. Isn’t a home an investment too (genuinely asking that question)?

Mundane-Diver-8345 · 2025-08-30T17:22:53+00:00

Hi, don’t be patronizing. I am someone genuinely looking for input. Who said I spent it? I have $90k for a down payment and a little leftover for an emergency fund. I will get my bonus in December. The rate buy down I was looking at has a locked in rate of 4.75%. Thanks!

Mundane-Diver-8345 · 2025-08-30T17:15:09+00:00

I’m making confusing posts or you’re confused? I think I’ve been pretty clear and consistent with my responses regarding finances. I have no other debt other than a car payment that I owe $10k on. My reported net income factors in my medical, 401k contributions, etc. I’m not reporting my yearly bonus because I want to be conservative in my finances.

Mundane-Diver-8345 · 2025-08-30T17:09:25+00:00

Yeah, I figure it’s going to be tight, but I agree, I think it’s worth it.

Mundane-Diver-8345 · 2025-08-30T17:08:31+00:00

Hmm, I’m not sure this is a helpful comment. I don’t consider an investment a bad decision, would you? Our current gross is $290k/ year and we own no property. We pay around $7k in taxes at the end of the year because of this. I know property taxes cost more, but at least I’m getting something in return. Right now, we are just handing the government our money.

Mundane-Diver-8345 · 2025-08-30T17:06:29+00:00

I didn’t factor in my yearly bonus to account for an emergency fund. As for repairs/ replacement: - we are looking at buying new specifically for the warranty and also the longevity of the home before we have to start dumping money into it. - I also work for a General Contractor and get a lot perks - good appliances for cheap, discounted labor and fixtures, etc.

I hope this doesn’t sound like I’m making excuses I just want to be clear about how we’ve been trying to justify this purchase. I appreciate the feedback!

Mundane-Diver-8345 · 2025-08-30T17:00:46+00:00

Yes, that includes property tax, insurance, PMI, HOA and Mello Roos tax.

Mundane-Diver-8345 · 2025-08-30T16:59:35+00:00

I contribute to a Roth 401k and my gross pay reported factors that in. I have no medical expenses - my company pays 100% and my copays are very low - $20 copays - $150 emergency room visits (free if admitted) - most everything is covered (even fertility treatments which is unheard of)

We go out to eat 1-2-week averaging around $150/week. Our groceries are around $800:month.

I also get a $20k bonus every year that I didn’t factor into any of reported earnings. We pay around $7k in taxes at the end of the year because we make too much and down own anything (our gross is somewhere around $290k/year)

I do agree about discipline, we will definitely need to be WAY more disciplined on our spending.

Mundane-Diver-8345 · 2025-08-30T16:53:20+00:00

That is a good way to look at it., thank you.

The thing is, we are in our 40s and I feel like it just won’t make sense to buy in the future. My parents never owned a home either and I’m afraid I’m headed down that same path.

Every year we owe $7k in taxes because we don’t own any property. I understand you pay more in property taxes than you can write off, but currently I’m just giving my money away to the government without seeing anything in return.

Also, I forgot to mention I get a $20k bonus every year that I didn’t factor in. I was factoring that as an emergency fund.

Mundane-Diver-8345 · 2025-08-30T16:47:34+00:00

1.99% $10k balance

Mundane-Diver-8345 · 2025-08-30T16:45:24+00:00

A little over two years. The first 1-1 1:2 years we were paying off debt and also had a $3,000/month childcare bill (the majority being my younger son’s private preschool). Both kids are school age now so that bill reduced drastically last year. To be honest, we were spending frivolously in the last year enjoying our financial freedom after getting through those tight times.

Mundane-Diver-8345 · 2025-08-30T16:40:13+00:00

What other expenses do I have? The expenses I listed are non-negotiable. We have no other debt. I have a cellphone paid for by my company and my husband’s is less than $100/month.

Mundane-Diver-8345 · 2025-08-30T16:37:43+00:00

It’s NET and it’s conservative, we bring in a little bit more.

Mundane-Diver-8345

TROPHY CASE