Zelaron Gaming Forum  
Stats Arcade Portal Forum FAQ Community Calendar Today's Posts Search
Go Back   Zelaron Gaming Forum > The Zelaron Nexus > General Discussion

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next

 
Reply
Posted 2007-02-09, 03:58 PM in reply to HandOfHeaven's post starting "Basically I got that out of it as well...."
Actually, no. I wasn't able to save up the full $50,000 down payment on the townhouse. I put $25,000 down, and took out an 80/10/10 (80% mortgage, 10% down, 10% loan) 15 year fixed mortgage. Essentially, it's an 80/20 (20% down, 80% loan) though. I live with one of my friends for the time being, with plans for my girlfriend to move in, but not until July 2008.

I have about $2,500 per month for mortgage, utilities, association fee, and home owners, but with my friend, I charge him $500 for rent and split the rest of the utilities, so he pays me like $650 of it per month.

Then, I had $5,000 toward furniture, so I only put about $10,000 on my credit card for the rest, which is almost $950 per month. All in all, with my car payments and insurance, I'm at around $3,400 per month, which I can afford, and still put about $500 away into savings, and do whatever socializing I want... for the most part.

Still saving is difficult, that's my whole point. And Thanatos, I think you're doing fine for only being 19. My point was that at my age, I wouldn't be doing fine if that was me.

Of course, with a family, I'd sell the townhouse, and buy something larger, since I plan on having children. Although, like you guys said, the big difference would be that I would be splitting ALL the expenses in HALF, rather than at a very discounted portion, as I'm doing right now. It will probably still end up being the same costs as it is now, since I would upgrade, however I plan on making a lot more money by the time that part of my life comes around.
Old
Profile PM WWW Search
Titusfied seldom sees opportunities until they cease to beTitusfied seldom sees opportunities until they cease to beTitusfied seldom sees opportunities until they cease to beTitusfied seldom sees opportunities until they cease to be
 
 
Titusfied
 



 

Bookmarks

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules [Forum Rules]
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -6. The time now is 11:40 PM.
'Synthesis 2' vBulletin 3.x styles and 'x79' derivative
by WetWired the Unbound and Chruser
Copyright ©2002-2008 zelaron.com
Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
This site is best seen with your eyes open.