Buying A $252K Townhouse In Georgia | Millennial Money
Krystal Anyang-Kusi, 30, bought her first home, a $252,275 townhouse, in Lawrenceville, Georgia with a down payment of $4,570, or about 1.8%. Until she moved in May 2020, Krystal lived in her parents' home in Virginia with her three sisters. This is an installment of Millennial Mortgage, which profiles first-time buyers across the U.S. and details how they purchased their homes.
Read more about Krystal's story here: https://cnb.cx/3k1xoTZ
In March, as Covid-19 spread across the country, Krystal Anyang-Kusi closed on her first home in Lawrenceville, Georgia.
Until she moved in May, Anyang-Kusi, 30, lived in her parents’ home in Virginia with her three sisters. But she was ready for some independence. “I knew back in 2018 that I wanted to move out of my parents’ house the following year,” she tells CNBC Make It. She didn’t expect to be moving during a global pandemic though.
Anyang-Kusi bought her 1,850-square-foot, three-bedroom, two-and-a-half-bathroom new build for $252,275, with a down payment of $4,570, or about 1.8%. She was sold on the property after seeing an online video tour of the townhome model and visiting the lot. Because the down payment was less than 20%, she pays for private mortgage insurance (PMI), which costs her an additional $171 per month on top of her mortgage payment of $1,461.
Anyang-Kusi also has about $78,000 in outstanding debt: $25,000 in student loans, $5,600 in credit card debt and $47,000 on her car note. Each month, she spends about $1,279 repaying the debt for all three: $250 for her student loan, $300 for her credit card debt and $729 for her car loan.
Yet despite her existing debt, she has no regrets about adding a 30-year mortgage.
“I did feel worried taking on an additional debt,” she says. “The thing that gave me solace was that I knew a home would be more of a long-term investment.” All in all, “I just trusted that this time is right for me.”
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
#MillennialMoney
Buying A $252K Townhouse In Georgia
Видео Buying A $252K Townhouse In Georgia | Millennial Money канала CNBC Make It
Read more about Krystal's story here: https://cnb.cx/3k1xoTZ
In March, as Covid-19 spread across the country, Krystal Anyang-Kusi closed on her first home in Lawrenceville, Georgia.
Until she moved in May, Anyang-Kusi, 30, lived in her parents’ home in Virginia with her three sisters. But she was ready for some independence. “I knew back in 2018 that I wanted to move out of my parents’ house the following year,” she tells CNBC Make It. She didn’t expect to be moving during a global pandemic though.
Anyang-Kusi bought her 1,850-square-foot, three-bedroom, two-and-a-half-bathroom new build for $252,275, with a down payment of $4,570, or about 1.8%. She was sold on the property after seeing an online video tour of the townhome model and visiting the lot. Because the down payment was less than 20%, she pays for private mortgage insurance (PMI), which costs her an additional $171 per month on top of her mortgage payment of $1,461.
Anyang-Kusi also has about $78,000 in outstanding debt: $25,000 in student loans, $5,600 in credit card debt and $47,000 on her car note. Each month, she spends about $1,279 repaying the debt for all three: $250 for her student loan, $300 for her credit card debt and $729 for her car loan.
Yet despite her existing debt, she has no regrets about adding a 30-year mortgage.
“I did feel worried taking on an additional debt,” she says. “The thing that gave me solace was that I knew a home would be more of a long-term investment.” All in all, “I just trusted that this time is right for me.”
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
#MillennialMoney
Buying A $252K Townhouse In Georgia
Видео Buying A $252K Townhouse In Georgia | Millennial Money канала CNBC Make It
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Living In An $1,850/Month Loft in Yonkers, NY | UnlockedLiving On $175K A Year In NYC & Georgia | Millennial MoneyBuying A $599K Townhouse In Los Angeles | Millennial MoneyLiving On $58K A Year In Dallas | Millennial MoneyMillionaire Reacts: Buying A $252K Townhouse In Georgia | Millennial MoneyLiving Together On $118K A Year In Philadelphia | Millennial MoneyLiving On $158K A Year In Grand Rapids, MI | Millennial MoneyLiving On $210K A Year In NYC | Millennial MoneyLiving On $615K A Year In Seattle | Millennial MillionaireLiving On $6 Million A Year In Ventura, CA | Millennial MillionaireLiving On $80K A Year In Washington, D.C. | Millennial MoneyLiving On $227K A Year In London, England | Millennial MoneyLiving On $100K A Year In Atlanta | Millennial MoneyLiving On $100K A Year In Fairfax, VA | Millennial MoneyLET'S LOOK INSIDE THIS NEW GATED LUXURY TOWNHOME W/ELEVATOR IN ATLANTAKevin O’Leary Reacts: Living On $1.6 Million A Year In Los Angeles | Millennial MoneyMillionaires React: Buying A $252K Townhouse In Georgia | Millennial MoneyLiving In A $5,150/Month Apartment In NYC | UnlockedBuying A $140K Condo In Austin, Texas | Millennial MoneyLiving On $118K A Year In Philadelphia | Millennial Money