me_irl

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me_irl (lemmy.radio)

submitted 1 day ago by sanitation@lemmy.radio to c/me_irl@lemmy.world

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[–] Pacattack57@lemmy.world 3 points 18 hours ago (1 children)

Separating the taxes doesn’t mean it doesn’t count. It is an additional payment or cost you have associated with your house. Not counting it in your mortgage cost is not being truthful.

After taxes and insurance your house costs you roughly $1450/month. More expensive than the example tweet and I guarantee you have a fantastic rate, probably 3.8% or lower.

It is extremely reasonable for a lender to assume that if a person struggles with rent, that they will struggle even more to pay a mortgage.

Side note nice job paying every 2 weeks. Great way to pay extra and pay less interest.

[–] Th3D3k0y@lemmy.world 5 points 16 hours ago

Yes, I fully took advantage of Covid and I re-financed at 2.4?

But yeah, owning a house costs a lot more than just paying the loan.