Friday, January 14, 2005

This blog is interupted for a RANT

DH and I are buying a house. A nice house, 3 bed, 2 bath, fireplace, Central heat & air, nice neighborhood, great schools. We've lived in this house for 6 years, so we know what we're getting.

The house will appraise for at least 90K
We are financing 72K
We are being giving 18K of equity (my mom is the current owner)
The payoff on her mortgage is 50K

Sooo Do the math here. 72K - 50K is 22K. 4K is for closing costs, leaving 18K, which we will split with my mom. So we have 9K left to replace HVAC and pay off the car (and probably some extra).

So, DH wants to know "what are we getting out of the deal?"

Uh, Dude - a house for 72, and we don't even have to move????



Post a Comment

<< Home