Live Forever or Die Trying

These past few weeks, I have had a schedule that leaves little time at home where I am awake. The bird woke me up early, so I thought I would do a condensed update:

• the house fell through because they really did not want to sell it
• we are back to square one and looking around again
• Dean’s bike got knocked over at BWW 2 nights ago
• He is deciding if he should fix it, buy a new bike, or buy a car
• The kittens are now ready for homes; I put up fliers in the complex
• Dean got Wednesday through Sunday off even though it was not his team in crunch mode
• My store got a new GM and AGM; things will be a changing
• Contrary to most folks thoughts, I am a bad manager, er, babysitter rather
• Can’t wait until PPH’s “No body’s fool”; possibility for a happier job
• Miss college immensely, want to go back asap
• BUT I don’t know for what exactly: sex ed, architecture, ?
• Sex education = high stress life, architecture = starting school from square one
• Got my fist bonus check today, over $400. Will get a similar one every other Friday
• Having money is great, but does it make up for all the crap I have to deal with?
• I have been obsesses with this game lately; build a maze of defense towers to kill the bad guys
• I think I will go play now

Well Dean and I saw the other townhome which was bigger, but the layout sucked, so we are making an offer on the smaller less expensive one. We will offer $78,000 with 3% closing costs rolled in on an 80/20 loan which will bring the total to $80,340. What this means is that we will have 2 loans; one for 80% of the loan (64000) and one for 20% (16000) because you cannot get 100% of the value covered without having to pay Private Mortgage Insurance. We don’t have a lot of money for closing and the expenses of moving, so we will get the seller to include 3% of the offer to help with closing costs.

Based on both estimates we got, the closing costs will be about 4k. We will get $2340 of the closing costs from the 3% and because we have been paying every extra dollar we have to our debts and paying off the credit card every month, the minimum due is 0. This means we will have 3 paychecks between now and our target closing date of MAY 25th, which will total about $4,000. We still have to pay 2 months worth of rent to get out of our lease, which will be $1516.

lol this is a lot of number crunching at 7am but I had to get it done so we can talk to both of the lending agencies today (GMAC and Wells Fargo) and choose one to go with.

Well I will close this with our monthly mortgage payments which INCLUDE taxes and insurance, will be LESS that $1,000 a month. That is only about 100 more than we are paying for rent. And so we will be able to pay the loan off way early (making sure the extra goes to the higher apr 20% loan first) which means we will build equity quickly as a springboard to our next home!

*singing* I’m so excited and I can’t hide it!