1974 W Surrey Street, Olathe KS
Fantastic townhome in Olathe!
All appliances stay including washer & dryer! There is nothing left to do but move in! You will love the neutral colors & natural light throughout. Kitchen is spacious w/eating area, breakfast bar, & lots of cabinet space. Main floor master w/walk in closet, & private bath. 2 car rear entry garage! Upstairs features 2 large additional bedrooms & bath. Tons of closets & storage throughout! Full basement could be finished for added living space!
My Amount Left
My monthly expenses ( food, transportation, gas, car insurance, utilities, cell phone, and entertainment ) totaled up to be $1509.56 (excluding house payment) Subtract $1509.56 from my monthy gross salary of $4,166.67 and I have $2657.11 left over. I found a nice moderate sized house in Olathe, KS. I decided to play it safe and save more money and bought a house for $175,000 with a monthly payment of $1202.00 considering I have no down payment.
Total I can afford to borrow
Considering a 30 year fixed loan x 12 months every year (N=360) , an interest rate of 3.8% on the house, a P/Y of 12, a C/Y of 12, and a monthly payment of $1202.00, I would be able to afford to borrow a total of $255.961.64
Time Saved by 15% increase
Based on my monthly payments for the house, 360 payments of $1,202 would equal $432,720. If I increased the monthly payment by 15%, it would be 253 payments of $1382.30 which would equal $349,721.90. This means I save $82,998.10! By increasing 15% it would also take 21.083 years compared to the 30 years, saving 8.92 years!