Wednesday, September 6, 2006

Adventures in First-Time Homebuying Special Edition: We Closed!

Author: Nick
Category: Money
Topics: ,

spent a lot of these today

Lender closing fee: $619.00

Hazard insurance premium: $418.00

Six months of county property taxes in escrow: $1,128.69

Becoming a homeowner for the first time: Pricey

There are some things in life even MasterCard can’t buy. For those things, a gigantic mortgage loan will do quite nicely.

5 Responses »

1.

Single Ma
September 6th, 2006 at 8:45 pm

CONGRATS!!

2.

Lisa
September 7th, 2006 at 11:32 am

Congratulations! I have to admit, I am coveting your low property taxes!

3.

frank
September 7th, 2006 at 3:51 pm

Congratulations. Prepare to spend an eternity at Home Depot, muhahahahaha :P

4.

Brian Carr
September 9th, 2006 at 1:48 pm

Congratulations. How did it feel when they told you how much money you were going to fork over over the life of the loan. When I heard my total, I just about had a heart attack.

5.

Nick
September 9th, 2006 at 8:20 pm

Thanks for the congratulations, everyone.

Yeah, we just got back from Home Depot…

Brian, our $365,000 will end up costing us over $900,000 in the end, though we’ll probably move again far before then. It’s a scary number, but it doesn’t mean all that much to me.

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