That is a beautiful house Brian!
Where are you located? That seems like an awfully nice place for 920! What is it currently worth if you were to go and sell it? The one thing with payments that can really jade the end result are things like purchase dates, down payments and interest rates.
I would love to own a home like that some day Plus I know you have a yellow vette in the garage the package all the nicer lol
Thank you.
Location is south side of Fort Smith, AR.
When I bought the home, I had 5% down. My rate was 7.5% at 360 months. When the rates dropped back in 2002, I refinanced it at 4.25% for 180 months and raised the payment $200 per month. Since then I have made a few principle payments per year, and tried to put as much money on it as I can.
I bought the home originally for $103,500. I have invested $22500 in the pool and $2250 in fence and landscaping. Total investment $128,250.
The home across the street from me sold for $147,600 three months ago in this economy. If mine brought $145,000, I would make out like a bandit.
We have selected plans for the next home, but I won't pull the trigger until I see positive signs the economy is rebounding. The next home will be twice the size on 3.5 wooded acres...I already own the land, I just need some assurance before dropping $330-350K to build it.
~Brian