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How much did you SAVE?

Established Contributor

Re: How much did you SAVE?

no problem.  Myself was curious.  I still have to consider kitchenware.  I went to sears outlet, where things were discounted, and it gave me somewhat of an idea in what to expect.


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Message 11 of 43
Frequent Contributor

Re: How much did you SAVE?


jadeite788 wrote:

no problem.  Myself was curious.  I still have to consider kitchenware.  I went to sears outlet, where things were discounted, and it gave me somewhat of an idea in what to expect.


Yea i been window shopping myself. Trying to get an understanding how much we are going to need. Way more than i thought i tell u that

Message 12 of 43
Regular Contributor

Re: How much did you SAVE?


armywifelong03 wrote:

Hoya08, what were your approximate closing costs w/ VA?


Our closing costs (in 2011) on a 458k home in Northern Virginia was around 11k.  It included 12-months of home insurance and pro-rated property-tax among all the other fees.  However, due to our earnest money, we only had to bring 2k to settlement; moreover, we did not pay a VA funding fee.

 

Your closing costs will depend on where you plan to purchase (due to different property tax rates, etc).

 

If you purchase a home with a VA loan while your SO is still active duty, you will pay a VA funding fee, currently 2.15%.  If you purchase after your SO retires or separates, and receives a 30% or greater disability rating from the VA, you qualify for a funding fee waiver.  Unfortunately, some veterans are not aware of this waiver.

Message 13 of 43
Established Contributor

Re: How much did you SAVE?

that is high.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

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Message 14 of 43
Established Contributor

Re: How much did you SAVE?


Hoya08 wrote:

armywifelong03 wrote:

Hoya08, what were your approximate closing costs w/ VA?


Our closing costs (in 2011) on a 458k home in Northern Virginia was around 11k.  It included 12-months of home insurance and pro-rated property-tax among all the other fees.  However, due to our earnest money, we only had to bring 2k to settlement; moreover, we did not pay a VA funding fee.

 

Your closing costs will depend on where you plan to purchase (due to different property tax rates, etc).

 

If you purchase a home with a VA loan while your SO is still active duty, you will pay a VA funding fee, currently 2.15%.  If you purchase after your SO retires or separates, and receives a 30% or greater disability rating from the VA, you qualify for a funding fee waiver.  Unfortunately, some veterans are not aware of this waiver.


The house we were going to purchase before the accident was $80K, and earnest was $1K, and closing costs was $2550.  The Seller was going to pay the closing costs in full.  We had the downpayment assistance, with no points, and a 1% origination fee.  So basically no money was coming out of our pockets.  But then again I am in Texas.  But it don't matter because we back out after the home inspection.  The whole entire HVAC unit had to be replace.  


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 15 of 43
Contributor

Re: How much did you SAVE?


swtneka wrote:

after reading this i was like WOW there is so much more to save than dp and clc.... We had a long convo about the other stuff and how we need to save more. Thanks for the post


We had our down payment saved, around $16,000.00, and moved in three weeks ago, since then, this is just a quick tally of what we have spent, and I bought all furniture for cost because of my job:

 

Blinds: $1,800.00

Fridge: $2,000.00, got it for cost too

Sectional: $1,600.00

Bed, mattress, and box for daughter: $800.00

Bedroom Furniture for other daughter: $1,500.00

Master bedroom bed and 2 nightstands: $800.00

Push mower/grill: $1,000.00

 

Out of all of that, the stupid blinds drive me crazy. It takes a ton of money to buy a house, and I didn't even include the cost for the movers!

 

.

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Message 16 of 43
Established Contributor

Re: How much did you SAVE?


bobvette wrote:

swtneka wrote:

after reading this i was like WOW there is so much more to save than dp and clc.... We had a long convo about the other stuff and how we need to save more. Thanks for the post


We had our down payment saved, around $16,000.00, and moved in three weeks ago, since then, this is just a quick tally of what we have spent, and I bought all furniture for cost because of my job:

 

Blinds: $1,800.00

Fridge: $2,000.00, got it for cost too

Sectional: $1,600.00

Bed, mattress, and box for daughter: $800.00

Bedroom Furniture for other daughter: $1,500.00

Master bedroom bed and 2 nightstands: $800.00

Push mower/grill: $1,000.00

 

Out of all of that, the stupid blinds drive me crazy. It takes a ton of money to buy a house, and I didn't even include the cost for the movers!

 

.


Sounds like I am going to be bargain hunting for the first 3-6 months.  thats a lot.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 17 of 43
Frequent Contributor

Re: How much did you SAVE?


bobvette wrote:


We had our down payment saved, around $16,000.00, and moved in three weeks ago, since then, this is just a quick tally of what we have spent, and I bought all furniture for cost because of my job:

Blinds: $1,800.00

Fridge: $2,000.00, got it for cost too

Sectional: $1,600.00

Bed, mattress, and box for daughter: $800.00

Bedroom Furniture for other daughter: $1,500.00

Master bedroom bed and 2 nightstands: $800.00

Push mower/grill: $1,000.00

Out of all of that, the stupid blinds drive me crazy. It takes a ton of money to buy a house, and I didn't even include the cost for the movers!

.


We are paying on our furniture. Its in layaway. The main thing we will need is a fridge , lawn mower, n a king size mattress 4 our new bed room set, oh n of course MOVERS!

Message 18 of 43
Frequent Contributor

Re: How much did you SAVE?

I'm glad this post was started.  I had the moving costs calculated into what I will need, but completely forgot about blinds.

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Message 19 of 43
Contributor

Re: How much did you SAVE?

I've been saving for some time now and HOPEFULLY I will have about 15k saved by the time I close and move in. We are gonna have to purchase a riding mower and lawn equipment as well as some other odds and ends. I want to keep as much in savings as possible.

No place to go but UP


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Message 20 of 43