Cost Breakdown Of Our $475,500 Home | Aja Dang

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Cost Breakdown Of Our $475,500 Home | Aja Dang | First Time Home Buyer

Рет қаралды 72,493

Күн бұрын

Hi everyone! I'm Aja Dang and welcome to Houston!Brian and I put an offer down on our very first home in February; we closed in March; and we moved (part-time) to Houston last week! Thank you to Earnin for sponsoring this video. To learn more or to sign up with Earnin, click this link: bit.ly/42ihefr #ad Subject to your available earnings, Daily Max and Pay Period Max. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details.
As first-time home buyers, we were totally unprepared for the process. Although our agents and insurance/loan officers made the process so easy, we were unprepared for a all the small fees that happen before you even put down your down payment! All I have to say is, cash is king.
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Пікірлер: 209

@Starryeyed119 Жыл бұрын

I can’t believe you bought a house! You have been my comfort content creator for years now and I’m so happy for this huge milestone of yours!

@AjaDang Жыл бұрын

Thank you! Comfort content creator has a nice ring to it!

@natwilliams2215 Жыл бұрын

This is the phrase I've been looking for, thank you!!

@MakeUpPrincessx3 Жыл бұрын

2bed 1bath for 475k is absolutely wild no matter if it’s a good area or not

@preciousroberts4576 Жыл бұрын

Love how transparent you are with financing. Congratulations on the place 🥳

@JuneThao Жыл бұрын

CONGRATS BABE!! You have come a long way and we Love to seee it!!

@AjaDang Жыл бұрын

thank you!

@danielacastro5451 Жыл бұрын

Hi Aja! Congrats on the house! My best tip for living in Houston is to have really great insurance. Flood insurance, something that covers the roof for hail storms and hurricanes, and then anything that could be affected by the winter storms we’ve been having these past few years. There are also flood maps that you can look up that let you know how often it seriously floods in your area. Best of luck!!

@clickypens Жыл бұрын

Hey ya'll! I'm a realtor in Indiana, and I would HIGHLY recommend meeting with a local realtor the SECOND you are thinking about buying a home or even just planning to in the future. I can go over different loan options and what that means for our market specifically, out of pocket costs you can anticipate, and connect you with a good local lender (super important to work with a good local lender) to help you fine tune your financials and expectations. It's all different in different parts of the country, so talk to a realtor (it's free) to help you get off on the right foot.

@baoduong5942 Жыл бұрын

One more tip we did was put smaller down payment and pay pmi . Our pmi is pretty small due to we used the extra money we had to pay off all our debt. Instead of the avrage pmi 150-250, without debt and good income our pmi only 50$ amonth which can then be removed when we hit %20 of the principal. We are now paying extra 2-3 payment a year toward principal to pay off the home much quicker

@Marl-hj8hh Жыл бұрын

I grew up in San Diego but have lived in 4 different states, to include Texas, for years at a time for my job. I’m back in CA and have no plans to move anymore. Yes CA can be expensive for cost of living and the laws find myself to disagree with frequently, however (especially coming from the perspective of an American born Asian) there is no other place I would rather call home. Texas is different for sure, good gas prices and bigger home sizes for the price but the lifestyle I prefer and the more abundant diversity in CA, is worth paying the cost of living for, in my experience.

@LeilaniBanayat Жыл бұрын

your transparency with finances is beyond insightful and appreciated - thank you Aja 😭

@vr00mie87 Жыл бұрын

Welcome to Texas, Aja! It’s been amazing watching your journey and I’m so freaking happy for you and Brian and the pups! Buying a home with a yard has been one of the best things we ever did for our pets. It’s amazing giving them a space to safely run free. ❤

@DebtFreeJessie Жыл бұрын

YAY!!! AJA! So excited for you both! I loved seeing the cost breakdown. It would be interesting to see a review of home related costs over the next year. We have to replace our roof this year, and they replaced our public road so all the homeowners received a special assessment. Next year will be better but this will be a cost heavy year for us.

@AjaDang Жыл бұрын

hi! Yes, I will and I definitely recommend getting quotes. I had one quote for $12000 and one for $9000.

@DebtFreeJessie Жыл бұрын

@@AjaDang Wow, that's a big difference. Thanks for the tip! It's crazy how much it can differ!

@katrinagascho6165 Жыл бұрын

Congratulations! I still send your original debt free scream to people who need to know it can be done :) SUCH a great tip about moving into a house and living / understanding how it works for you, personally, before putting money into updates and renos. You will save a lot of time, money and energy by doing this, as it helps you get a realistic picture of how you use the space! We did the same 11 years ago. No regrets on doing this slowly and as we could cash flow projects. ❤ enjoy the process!

@gardenofe12 Жыл бұрын

Congratulations 🥳 on your new home !!!!! Look at how far you’ve gone !! I remember when you had over $200k in student loan debt and how you paid it all off !! I still have and kept all those videos !!! They’re so inspiring to watch !!!

@AlliNW0nderland. Жыл бұрын

Starting the homebuying prices in July. So I’m glad you’re uploading this and breaking it all financially ❤

@JazzymineA Жыл бұрын

As a Texan resident it amazes me that a 2 bedroom 1 bath is going for $475K. That is wild and terrifying to me.

@AjaDang Жыл бұрын

people from Texas definitely said that but coming from Cali we were very excited about it haha

@KelliDM Жыл бұрын

That’s not the case everywhere in Texas. She said they’re in a popular area, which means prices are higher no matter how big the house is. Remember, it’s all about location, location, location.

@JazzymineA Жыл бұрын

@@KelliDM Yeah I would expect that for Austin. But I did not expect Houston COL to be the same as Austin. I guess I am out of touch with the Houston housing market. It's been tough in San Antonio as well. Houses in the poor neighborhoods are going for 250K; which I feel terrible for those from out-of-state purchasing.

@JazzymineA Жыл бұрын

@@AjaDang Yes, it definitely beats the market in California. Very much congratulations to you both. I've just been out of touch with the housing market as of late. Again, congratulations to both you and your husband. Best wishes.

@KelliDM Жыл бұрын

@@JazzymineA I get it, it does seem high. Prices are up everywhere, which I’m hoping will change in the near future!

@vickithompson473 Жыл бұрын

AJA GOT A HOUSE!! Biggest congratulations to you & Brian. I am so excited to see your journey as an home owner 🥰 Gives me hope that I will be one day too! X

@alondraxx33 Жыл бұрын

Thanks for your transparency!! You are making a world of a difference into people’s lives! Knowledge is power and you don’t keep it to yourself.

@rdsanantonio Жыл бұрын

My husband and I also didn't know about all the fees included in the initial steps of purchasing a home. Then all the money you spend immediately after you buy the home. It's a wild ride. Even though it's been a lot more expensive than we hoped for in the first year and a half of being a homeowner, we don't regret getting ourselves in the market when we did. Congrats to you and Brian!

@Tesla-Cannon Жыл бұрын

Home inspection is always worth it. Welcome to Texas! 🤠

@cokedclassic7627 Жыл бұрын

Great video! Keep in mind this all varies from state to state and the type of loan you get. For example with a VA loan you don't pay a lot of the fees. We also didn't have to put any money down. I was ok with that because we were buying a lot less home than we could afford and so I pay more monthly. We also don't have to pay PMI even though we didn't put money down. I am a little shocked at the prices in Houston.

@meridoughten9425 Жыл бұрын

Totally agree. There are so many different programs for home buying now that there can be a big range in costs. My husband & I just purchased our first home with the VA loan and, although we are saving a lot on PMI, downpayment, and closing costs, we didn't know about the VA funding fee until we started researching the program seriously. It caught us off guard because that bit of fine print was never mentioned before... 🤔 lol.

@cokedclassic7627 Жыл бұрын

@@meridoughten9425 hmm I don't remember that but it has been 8 years. I should go look at my docs.

@bringitdanielle Жыл бұрын

Congrats sis! Thanks for sharing your journey. I bought my house in 2019 and put down 8% with the first time home buyers program. I thought not spending anything to save was going to be the toughest part but the logistics was the most stressful. When I buy again, I’ll know what to do without breaking down every week

@taaaalz Жыл бұрын

Ugh LOVE this breakdown and love this for you! This is so motivating. Congrats to you and Brian! ❤

@AjaDang Жыл бұрын

thank you!

@LisaM0 Жыл бұрын

I miss you!! Thank you for being so transparent with all the costs - I don't think I'd ever become a home owner but it's definitely interesting to learn how much that goes into purchasing one.

@C_Beaty Жыл бұрын

Congrats on buying a house! We just bought ours last year and all those fees and closing costs were expected, but still much higher than I anticipated. On the plus side, that earnest money deposit gets applied to your down payment, so at least it's not lost to the ether.

@akirebara Жыл бұрын

I bought my small 1-BR condo back in 2018 and I didn't know ANY of these but I luckily would ask so many questions to my real estate agent, to my officemates who have houses. They were the ones who taught me to be prepared with these costs. Then I started googling and that's when I had a list of all these and made sure I saved enough money for it before I found the property I wanted to put an offer on. Like Earnest Money? Who is she? Glad there's KZfaq and Google now. Or else it would have shocked me, too. And I'm single, no parents or husband that would have been able to help me. Glad you made this video. Not enough people know the extra costs of buying property.

@jungwhat Жыл бұрын

this video is so helpful! we won't be buying for a few years, but good to have the information about costs before the down payment as we saving up. Congratulations on the new house!

@strawberriedc Жыл бұрын

Congratulations Aja!!! I started watching you back in 2016 or 2017 when I was planning my wedding and paying cash for it. Then we got rid of my student loan debt and bought a house as well! Can’t wait to see what great things come your way in the future

@Midami422 Жыл бұрын

Welcome to Htown!

@AjaDang Жыл бұрын

happy to be here! Until summer hits...

@Xtine728 Жыл бұрын

Yes!!! Did a lot of research but didn’t anticipate so many misc fees.

@cynthia.turcot Жыл бұрын

Congrats, Aja!!!! I am so happy for you and Brian, and your first home together! Love the transparency with the numbers as always.

@malingasimangele6553 Жыл бұрын

I have been here since the debt pay off time and to see you here now feels like a win to me also 🥺

@angeladeborapontororing2435 Жыл бұрын

congratulations! I'm so happy for you and Brian! we're going from AJA NEEDS A HOUSE to AJA GOT A HOUSE!

@user-gq7pn8ig8i Жыл бұрын

My fave KZfaqr ❤ the transparency and realness

@TA-np4mc Жыл бұрын

We're in the process of buying a townhome in LA for 800k. I don't think I can handle Houston humidity lol. Please make a video on the upkeep of the house! Mortgage, property taxes, and insurance.

@hoome260 Жыл бұрын

Congrats Aja n Brian. So happy for u guys. I watch your videos to feel better whenever I feel overwhelmed by the amount of debt I have. I’m not mentally ready to go all in to get myself out of the hole but for the first time in a long time, I feel like I’m getting there. Thank you for educating us n again, congrats on your home. So happy for u guys.

@taylerwilliamson6000 5 ай бұрын

Would love that down payment planning video!

@coachjosephgonzales Жыл бұрын

First off major congrats! Your lender should have told you to put 5% down to get the lower interest rate due to the current mortgage system charging those with lower down payments a lower interest rate. Then, you could have come back in and did a recast and put the remaining 15% down for a total of 20% down to get rid of PMI. They should have also mentioned to request a 3-2-1 buy down or 2-1 buy down from the seller to get a lower rotate as well. These are just a couple of things that would have helped you get a lower rate for the next couple of years and saved you some major money each month. -Joseph

@PohaiNuuhiwa Жыл бұрын

Congratulations! You're a homeowner!! This feels so much more doable than real estate in LA and/or Hawai'i (don't get me started)!

@katiecurran6213 Жыл бұрын

So happy for you both!!! It has been so amazing to follow in your footsteps (even living in the same neighborhood in LA😂) We are building our emergency fund right now and eventually will start saving for a home to hopefully buy one in the next couple years. Thanks for the constant positive inspiration and sharing your journey !

@HallieQueenie Жыл бұрын

Thanks for doing this! This breakdown just gave me confirmation for my $100k goal for my first home savings! Congrats Aja and Brian!

@jsb9157 Жыл бұрын

Thank you for sharing this with us!! Congratulations on your new home, and welcome to Texas!!!!😊

@cjwne Жыл бұрын

AJA, Congratulations to you and Brian! Having followed your journey from your debt journey and your debt free scream, you are inspiring me on my own journey as I start to deal with my debt. I am grateful for you sharing your story and your content and hope that you know your videos make a difference. Thank you from the other side of the pond. 🎇❤🙏🏽

@stefflores Жыл бұрын

In Texas the option fee actually buys the buyer the right to back out of buying the property for an agreed amount of time. During this time is when you would do your inspections and "due diligence" to make aure you do want to go through with the purchase.

@hilario209 Жыл бұрын

Thank you so much for the transparency! It's so helpful for those of us nearing the home buying stage. Congratulations!

@sandrasimplytoday7772 Жыл бұрын

Congratulations on you and your husbands new home! Welcome to Houston, TX!

@stephaniel4261 Жыл бұрын

Welcome to The Great State of Texas! Lived In Houston Tx for 5 years and well I will say it wasn’t for me but I hope you enjoy your new home.

@viviena5013 Жыл бұрын

I miss your budget videos 💔

@AjaDang Жыл бұрын

I think I might focus my budget videos on the cost of what we put into the house.

@viviena5013 Жыл бұрын

🥺🥺🥺

@sarahgates6947 Жыл бұрын

This was very helpful and interesting to watch. Thank you.

@ms.calibudget1218 Жыл бұрын

Oh my goodness! I'm saving up to buy a house in Dallas, TX, so stumbling upon your video is definitely a blessing! I don't know anyone who lives in TX, so thank you so much for sharing your financial breakdown! This will help me so much!

@ms.calibudget1218 Жыл бұрын

Hope this isn't too intrusive, but you you be able to eventually talk about the monthly payments (ex. property tax, mortgage, etc.)? Because I know it's different from CA. I hope this makes sense.

@Xtine728 Жыл бұрын

Can you make a video about how to use a brokerage account to save for big ticket items? When you converted your investments into cash, how did you account for taxes?

@bernadettemary2135 Жыл бұрын

Congratulations !!! Can’t wait to see the upcoming videos about your new home!

@aggieloyola Жыл бұрын

wow! this is so cool, im so happy for you! y’all are gonna have a fully paid for home in no time!!

@volcompunk58 Жыл бұрын

Thanks for the video. Very informative. Congrats to u and Brian. ❤️

@jayess4 Жыл бұрын

Really appreciate you! Your transparency is unmatched

@alexisballard1459 Жыл бұрын

Thanks for this video!! It’s so important to run the numbers on the biggest purchase of your life, this will help so many people who think buying a house is a good financial decision when it might not be

@jennnnnla4095 Жыл бұрын

Thank you for sharing with us! We are starting to look for our hopefully forever home. I didn’t know where to start but this video helped so much. We appreciate you!

@danic8737 Жыл бұрын

Have you done a video about having a financial manager? I would be interested in hearing about that and what went in to picking one, how they are paid, etc. I’ve grown to think of financial advisors as unnecessary so I’m interested in hearing about your financial manager.

@AjaDang Жыл бұрын

I haven't and I probably won't bc people are very judgemental about it. he's my high school friend and I trust him and when I'm comfortable enough to run things on my own, I will. in the meantime, Todd is great.

@danic8737 Жыл бұрын

@@AjaDang Understandable! Thank you for responding!

@chibiaye637 Жыл бұрын

It will be much harder to upgrade your floors when you've moved in large items.

@cherazadnouri6819 Жыл бұрын

Congratulations! I have follow you for years now from Marseille, and that’s crazy : you are buying a house the same time as me !!

@thekristineway Жыл бұрын

omg congrats!! this is SO exciting!!! thank you for sharing girl! i hope to be a home owner in the next yr or 2!

@NoirInColor Жыл бұрын

Welcome to Houston Aja! Your financial journey truly has come full circle!!! 🎉

@ilikehotcocoa Жыл бұрын

Congrats! Can’t wait for house content :)

@yourhunnybunny Жыл бұрын

Y’all actually moved to my neighborhood!! I’ve seen Bryan walking the dogs! Lol Welcome to Houston❤

@leilani2258 Жыл бұрын

congratulations to this new homeowner!!!🎉

@BoStark Жыл бұрын

Such a big box to check off! Know you've talked about it for so long.

@lizitis Жыл бұрын

In CA we have a one time supplemental tax that popped up on our first year as a homeowner. Not sure if TX has this but def check it out.

@Artyhugby Жыл бұрын

And can you share what interest rate you were able to lock?

@jadeinthashade Жыл бұрын

Congrats to you and Brian!! It was really interesting seeing this purchase breakdown. Love from L.A. ✨

@lilydaquila9847 Жыл бұрын

I'm so happy for you, Aja. This breakdown is realistic and informative. Congrats to you and Brian 💜 I wish you the absolute best in this next phase of your journey. You've got my love and support.

@brin495 Жыл бұрын

Such a good video! Thank you for this and congratulations Aja!!!

@JahazielCastillo Жыл бұрын

Welcome to Houston Ajaaa. And welcome back Brian. Congrats on the house! You gave me a great idea in this video. Obviously I don't live in LA, but start saving up for LA home prices. It'll help a lot when I decide to buy here in Houston.

@ivanas442 Жыл бұрын

Congratulations! Can you do a video on monthly rent payments (what all goes into it). Also does the 94k subtract from the original price of $475k leaving 381k left

@katiekennedy8701 Жыл бұрын

Love this journey for you and Brian 😊🎉

@AjaDang Жыл бұрын

we appreciate it!

@keranwing Жыл бұрын

Don't forget to factor in how liquidating your investments into cash might affect your income taxes for next year!

@LeilaniBanayat Жыл бұрын

congratulations on your new home 💜

@ivymadenhennion8108 Жыл бұрын

I'm so excited for you and your cute small family!! Can't wait to see what else you do to truly curate your life x

@jennnnnla4095 Жыл бұрын

And BIG congratulations!🎉🎉🎉

@wiinidiaz Жыл бұрын

Congratulations, Aja! Whoop! 😊🧡😊👏💯🎈

@angelicavelascovirata2913 Жыл бұрын

Congratulations on your new home

@teeeteee000 Жыл бұрын

You are a true inspiration! Congratulations to you both!!! 🎉❤

@zoeelovebooks Жыл бұрын

Thank you so much!!! This is invaluable knowledge! Would love to see more home down payment videos. ❤️

@GirlBossBeauty Жыл бұрын

Welcome to Houston! Love my city...but, get flood insurance even if they say you don't. Get a monthly pest control plan, and check your air conditioning system at least annually. Keep gas in your car for possible evacuations and know that all natural deodorant doesn't work here like it does in California. 😅

@AjaDang Жыл бұрын

check, check and check!

@MalinaCC Жыл бұрын

Congrats and HUGE thank you for making this video!

@wanak8897 Жыл бұрын

Congratulations! Found this very informative

@MadisonFalco Жыл бұрын

Also I love Earnin, been using it for 7 years

@mermolee Жыл бұрын

Girl you could pay for half with your down payment. I love this 😊

@junkmonkey54 Жыл бұрын

Congrats! Can’t wait to see the home!

@mguinsatao Жыл бұрын

Can you talk about capital gains from cashing out your brokerage account?

@stefflores Жыл бұрын

Will you end up having to pay any capital gains tax on the cash you drew from the brokerage account? Was the full $130k in that account? Would like to understand the benefit of having it invested?

@mtafli1 Жыл бұрын

Congrats. I remember you posting different places you might live. I’m shocked Houston was it.

@AjaDang Жыл бұрын

it's part of a long term plan.

@ranjinirajagopal1733 Жыл бұрын

I would like to see the video on hoe you saved up for your house

@thelifestylebybudgeting Жыл бұрын

Congrats girl 🎉🎉 I’m so happy for you !!

@kariikrush Жыл бұрын

Congrats!! Thanks for sharing, very informative

@makeupboxfyi Жыл бұрын

I’m a relatively new subbie☺️, I found you through the viral “Wedding Dance,” 🤭. I must say I have fallen in love with your content! Congratulations on your new home!! 🤗🤗 We’re in the process of purchasing ourself, and uggg so frustrating in Cali😑. We too have been saving for quite awhile, so thank you for the tips on what to expect I. The overall cost of the home! Sending many blessings your way✨✨

@tb11212 Жыл бұрын

Congratulations on the house!

@feliciamesadieu2743 Жыл бұрын

Congratulations, Aja!

@true05angel Жыл бұрын

CONGRATS!! 🎉🎉🎉🎉

@bijoubijou7500 Жыл бұрын

Congratulations, Aja!!!

@kazclaire1007 Жыл бұрын

First off congrats!!! It would be nice to see why you decided to do a 20% down payment even though there’s been more leniency to first time home buyers with lower down payment. Love to hear your thoughts and your reasonings!

@windxsong Жыл бұрын

Assuming bc interest rates are high right now

@dragonmom8739 Жыл бұрын

PMI