Search found 10 matches

by Stryker16
Fri Jul 21, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 10
Views: 565

Re: Help with Amortization Schedule with Extra Payments

Just looking to see if someone could enter it into their own calculator and confirm before I report back to my friend.
by Stryker16
Fri Jul 21, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 10
Views: 565

Re: Help with Amortization Schedule with Extra Payments

I think the more difficult part of the equation is having 9 of 12 months with extra payments.
by Stryker16
Fri Jul 21, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 10
Views: 565

Help with Amortization Schedule with Extra Payments

My buddy asked me to put an analysis together for him based on the criteria below: $250,000 loan 20 years 3% Interest Starting at month 25 of mortgage, add in $700/month extra payment for 9 of 12 months of the year. I put a file together and it appeared that the loan would be repaid around 168-169 m...
by Stryker16
Thu May 25, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 8591

Re: When does Saving become missing out on life?

Set a standard for your saving that you are happy with. My wife and I's standard for saving is fairly high right now but we still set aside budget dollars for things we enjoy (running races, date night, and vacations). There are a lot of things out there that don't matter that you can save on...like...
by Stryker16
Wed May 24, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Milestones (significant to me!)
Replies: 6
Views: 1031

Re: Milestones (significant to me!)

Congrats! Keep the momentum going!
by Stryker16
Tue May 23, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fortune 500 Financial Analyst vs CFP
Replies: 7
Views: 664

Fortune 500 Financial Analyst vs CFP

I am currently a financial analyst working for a great company on the Fortune 500 list and my company was just named the Best Company to work for in the state. It is in my hometown. It's a steady company with somewhat slow but consistent growth (career wise). As of a few months ago, I have been plac...
by Stryker16
Fri May 19, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1610

Re: Buy 1st House Cash?

Yeah, essentially all counties in our area with various schools have house that we could buy for 120k or very close and we COULD make it work. It would probably be something like a 1500 sq foot ranch with 3 bedrooms and 1.5 baths. 220k could get us a 3k sq ft house with four bedrooms and 2.5 baths....
by Stryker16
Fri May 19, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1610

Re: Buy 1st House Cash?

Keep in mind that you are buying into a neighborhood in addition to buying the house. Be sure to look at the schools in the areas where you can get houses for $120K. Here in Atlanta there are areas where you can get low cost houses like that but the schools in those areas are generally not rated ve...
by Stryker16
Fri May 19, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1610

Re: Buy 1st House Cash?

Nate79 wrote:Are you maxing all retirement accounts? This would be my priority #1.


So you would put $46k/year into retirement (17.5 401k X 2 + 5.5 Roth IRA X 2) before you would put more down on your mortgage?
by Stryker16
Thu May 18, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1610

Buy 1st House Cash?

Hello all, looking for some advice. I am new to the site, but can't get enough of reading all the posts. My question is, should I buy my first house cash or with a large down payment? See details below. Age - 27 Married Current Income - 80k (this is just my income) - My wife works now but I don't fa...

Go to advanced search