I BOUGHT MY FIRST HOUSE AT 22 Series: How Much Does It Cost To Buy A Home? | Actual Numbers!!! 💰💵

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Talking about how much it can cost to buy a house! First time home buyer tips.
DISCLAIMER: These numbers are modeled numbers based off of my personal experience, however not my exact numbers for privacy reasons. Everyone's situation varies but thought I'd still share given the high requests to share some of this info:)
Additional Caveats:
- I bought a new construction town home in North Carolina
- My closing costs were not as high as some may experience, and also was offered a lender credit to help toward covering most of it!
- The builder paid my realtor so I did not have to come out of pocket for that
- I got a new job , my prior job was what helped in the saving process to obtain the home I wanted, and the new job is what is allowing me to live comfortably to stay in the house and save some additional $$ on top
- I did this exercise based off of a net income in order to show you what the tangible adn actual cash amounts that were able to be saved up, but keep in mine that lenders also pay heavy attention to what your debt to income ratio (debt payments / gross monthly income) is, and if a mortgage payment on top of your existing debt payments would put you at too high of a ratio %, you may not be pre-approved for a certain amount of house
. Feel free to use this system of math to determine what could be deemed “affordable” from the original pre-buying process monthly income!
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Опубликовано:

10 июл 2024

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Комментарии : 275

@LexisShantell 4 года назад

Hope this was helpful! Remember, use these numbers directionally and not too literal as they are modeled based off of my true scenario, however not my literal numbers ❤️ The description lists out some caveats.

@KingAri 4 года назад

So glad you used a realistic ass salary I make less than this after taxes but at least you didn’t go with like a 50k salary.

@LexisShantell 4 года назад

🥰❤️

@innocentloyal 4 года назад

The most important thing that you said is that you paid your tithes. People don’t realize that if you put God first, he will bless you even more. God’s portion is 10% percent of your pay.

@LexisShantell 4 года назад

Amen!

@model_nvartistry 3 года назад

Amen! 👏👏

@gm2161 3 года назад

Some people have faith but no works

@yukicbirdy2487 3 года назад

Yes!

@sherecaellis6742 2 года назад

Yes putting god first is true, but following is laws , commandments and statues is more important and giving the poor. Tithe’s isn’t a must anymore that’s was when we have priests and for the Levite’s.

@acp8760 3 года назад

I am in my 30s and we are buying our 2nd home together. We are building this time. The biggest question/mistake I see people make is trying to save 20%. Thats just not realistic for your first home and you do not have to. We are only able to pay 20% down on our 2nd home purchase because our first sale gave us a big profit.

@TheBudgetingButterfly 4 года назад

This what um talking bout..DETAILS....you did this girl ✔✔✔ thank ya mam. I like to see things in black and white✌

@LexisShantell 4 года назад

Thank you 🥰 glad it was helpful

@JasmineEagle 4 года назад

Not all hero’s wear capes 🙏🏾🙌🏾

@LexisShantell 4 года назад

❤️❤️

@dontleaveamessage 4 года назад

Black women winning! Love to see it- keep thriving!

@johnnellh.3708 4 года назад

When I saw my rent is about three hundred dollars more than your house mortgage, I felt ashamed....I have to get out of apartments and get me and my kids a house

@LexisShantell 4 года назад

Like I said though, these numbers are not my numbers they are modeled so please take with a grain of salt! It’s meant to be analyzed directionally :)

@MonicaSoyemi 4 года назад

I own a house, and it’s worth it. Your kids will be able to own that house one day and they’ll be one step up

@allthingsmimi686 3 года назад

@@MonicaSoyemi we were paying$850 for rent. 2bed 2 bath . We bought a house 4years ago. 3bed 2.5 bath 1200sq feet. New construction. Townhome. Paying $700 now including HOA. We refinanced this year that's we paying that. Prior to that it was $850. If you have stable job and little saving, you can do it. Best decision we ever made. We don't eat out much. No cable, we have Hulu and antenna. Prepaid phone.

@acp8760 3 года назад

Rent is definitely more expensive than a mortgage and you aren't getting that money back in equity like it would if you bought. You don't need to put down 20% so save what you can, get your credit up and you can get your house!

@KRLWRGHT 4 года назад

You've done an excellent presentation explaining in details the whole pre and post purchasing of a home. And you're correct no two purchasing experiences will ever be the same. Too many variables involved. Example having the seller covering the closing expense! Another great and informative video!!!!!!

@nyerirose 2 года назад

This is one of the most honest and transparent vlogging videos I've come across in a long time. Thank you!

@marshawall6603 3 года назад

I’ve been saving up since December 2018 to buy a home, I just met my goal last week. Very proud of myself and eager to begin the home buying process. Thank you for these guided videos ❤️ new subscriber

@fondaakins5273 3 года назад

Soror: I just shared this video with my nieces. They are in their 20’s and they are looking to purchase their first homes! This video is very helpful! Thank you for putting this vital information together!

@savannadillon9234 3 года назад

This was super helpful! You are truly going to help soooo many people become first time homebuyers!

@eeelexis01 4 года назад

you’ve made the home buying experience seem much less complicated. thank you for this girl!

@LexisShantell 4 года назад

No problem 🥰

@samirahh4229 3 года назад

I loved your breakdown, it was really helpful and honestly seeing some numbers does make it seem more doable.

@KyleMHart 4 года назад

This is exactly what I was looking for. Good info. Wishing you all the financial wellness

@Zipporah-Yisrael 5 месяцев назад

Just Subscribed! Been looking for a video like this with a realistic view of the home buying process. Thank you. I will use this example and make modifications.

@karenl.6410 4 года назад

The young people needed to hear this (me, i am young people) 😭😭

@LexisShantell 4 года назад

😂 thank you 🥰

@japatee 3 года назад

This is awesome! I love the model numbers. This truly inspires me! Thank you!

@KiahnasLifeVlog 4 года назад

Thank you for this! Been considering buying instead of renting and this was soooo helpful!

@beautybynature5556 4 года назад

I just love how you talked about yourself like the third person!😆 Thank you so much for doing a total breakdown of everything it gave me a realistic aspect of buying a hone!

@LexisShantell 3 года назад

Lol no problem 🥰

@detonyawhite6364 3 года назад

Hello, I'm new to your channel. This was very HELPFUL & REALISTIC. Now I will not be blind going into my home buying process. Thank you

@ChrissyTooPrissy 4 года назад

WOW! This is very helpful and admirable of you! I've attended real estate agents' seminars and NONE of them broke it down the way you did Good job lady !

@LexisShantell 4 года назад

Wow thank you !!!!

@necykelly9765 4 года назад

Best informative video I’ve came across! Thank you!

@sarahnelson2600 4 года назад

So great to watch! Love the new braids too! ❣️❣️

@madsattacks1457 3 года назад

This is the most helpful video I’ve found on RU-vid. Thank you!!!

@Ktic94 4 года назад

Very helpful!! It was great to see an income around my range and see that it’s still possible! Thanks!

@LexisShantell 4 года назад

🥰🥰

@janaet4022 3 года назад

Girl yes, loved this video! Really great breakdown

@kmsweetlove 4 года назад

love that you are making videos about this, it is a very helpful series (side note): that back wall is gorgeous

@LexisShantell 3 года назад

Thanks so much 🥰

@glamfab23johnson64 3 года назад

I have been looking to buy a house for a while now and I have been doing all my homework . After watching your videos I feel more assured and confidence that I can do it . Congratulations am happy for you your house is beautiful by the way keep representing us😍😍😍😍

@ThePrayerfulBride 4 года назад

I like the spreadsheet and how well you explained it. Thanks !

@LexisShantell 4 года назад

Yay! I’m glad ❤️

@lizziea5480 Год назад

Thank you for using realistic numbers for the lower class, I’ve never found examples that made buying a home feel possible for me.

@jewelthompson4210 3 года назад

Your channel is golden

@AubrielleImpel 3 года назад

Thank you! I’m definitely a numbers person, this breakdown helps a lot ❤️

@N3SS_Li 3 года назад

Awesome Job! You are putting out great content. I've seen three videos prior to this regarding your new home... now you present this!!! New Subscriber! - On my way to moving in my new construction townhome in July. Excited 😁

@antoinettec.998 3 года назад

Informative and helpful! Thank you for this 🙌🏽

@Naswillshine 4 года назад

This was the easiest model to work with. Thanks for this explanation.

@_kaitlynmarie 4 года назад

This was amazing Alexis thank you! I just turned 20 and wanna be in the same place by 22! May God continue to bless you!!✨

@LexisShantell 4 года назад

Thanks so much 🥰

@srsmithali 3 года назад

This presentation was great, your breakdown was absolutely great.

@timerareneea 4 года назад

Can’t wait to watch !!!!

@LexisShantell 4 года назад

Timera J 🥰🥰

@AngeliqueSabrina 4 года назад

Yes girl keep em comin💕

@LexisShantell 4 года назад

🥰🥰🥰

@chantaldasoul-asylum5567 4 года назад

I liked your video before watching!!! Just wanted to say, your videos and presentation is very informative and engaging!!! The Students will teach the Teacher!!! Your videos have helped me so much in my buying process as well!!! Keep Going, Don't Stop!!! Your wealth at 22y/o is catapulting you to bigger and greater things to come!!! Much love from Florida's Gulf Coast♥️♥️

@LexisShantell 4 года назад

Awww love that thank you so much !

@lindsaysumpter8686 4 года назад

This was great! So helpful! Thanks so much for this video! You’ve helped me understand the home buying process so much! Super excited to begin this journey.

@LexisShantell 4 года назад

Yayyy I’m glad 🥰

@nomiluxx 3 года назад

Thank you so much for this. I’ve been doing my research since I am planning on buying soon and this gave me a good insight.

@christianataylor8926 4 года назад

Love how realistic this was. Thanks for this!

@LexisShantell 4 года назад

Christiana Taylor 🥰🥰 no problem !

@kimberlyp1580 3 года назад

love it, thank you! Currently saving. Would love to be a hme owner next year.

@hinatagirl33 3 года назад

This was so helpful! I am claiming that in one years time I will have a house!

@AlegnaAjai 3 года назад

Very helpful. I am almost 50 and not yet a homeowner and even I gained some knowledge with the #'s!

@kaylaelle 4 года назад

Omgeee! Thank you for breaking it down💞 This is super helpful❤️

@LexisShantell 4 года назад

Good I’m glad 🥰

@shacurriaaa 4 года назад

You DEFINITELY just gained a subscriber. Keep up the good work ❗️

@LexisShantell 3 года назад

Yayyy welcome 🥰

@artsy9876 3 года назад

I loved this! May my little girl have a similar savvy. 😊

@Abmarp Год назад

Thank you for sharing!! ❤

@NaturaLaii 3 года назад

I love this. Great explanation and personality. This definitely helped to humble me. I usually rush to make big decisions like this because of life situations but I really need to just wait a few more months to actually start this process to make sure I have enough money for all the bills. Thank so much 💙New subbie

@myblacqisbeauty 4 года назад

Great video! Thanks for sharing!

@MISS1JONES 4 года назад

I get that it's a potential demonstration but I loved how you broke down the steps to visualize the idea of the journey of purchasing a home

@LexisShantell 3 года назад

Yayyy I’m glad 🥰🥰

@ms.womack7131 3 года назад

Thank you young lady. You did very well in this presentation. 👍🏾

@knuanu 3 года назад

Thank you so much for posting this video!!!

@812BrownSugar 4 года назад

Well done young lady! This was a very good detailed video. Very helpful! May God continue to bless you.

@LexisShantell 4 года назад

Thank you 🥰

@oryfan 3 года назад

Thank you for sharing. Definitely helpful and grabbed you a new subscriber. Love the content!

@theninarenae 4 года назад

Love this series sm!

@michellematthews7040 3 года назад

This was extremely helpful. Thank you for sharing.

@mirandanicole. 3 года назад

im actually taking a Mortgage Loan class and I enjoyed watching this video.

@zaheerahshareef8131 5 месяцев назад

This is commendable and I salute you

@DoveAnna 4 года назад

Thank you for breaking it down! There are so many costs that go into buying a house

@LexisShantell 4 года назад

Of course ❤️

@AryannaCooke 4 года назад

This method of explanation was very helpful! Thank you so much for this

@LexisShantell 4 года назад

Yayy I’m glad 🥰

@destinyd2310 4 года назад

Absolutely love this video! Thanks so much!! Very simple yet so effective and clear!! So inspirational as well‼️‼️🤟🏽👏🏽🔥❤️

@LexisShantell 4 года назад

Thank you ❤️

@yetundealabi5151 4 года назад

This is very detailed and eye-opening! Thank you!!

@LexisShantell 3 года назад

No problem glad it was helpful :)

@Jagnant28 4 года назад

I love this so much! Im impressed!

@LexisShantell 4 года назад

Thank you! 🥰

@LAREALNAE 4 года назад

This was VERY HELPFUL!!! OMG, You just taught me so much, even about budgeting. THANK YOU SO MUCH!!! and I’m glad you are able to find a way to do this but still holding your ground for your privacy! I love this channel! Thanks so much again! 😊

@LexisShantell 4 года назад

Awww THANK YOU😭

2 года назад

Love your videos!!! So informative!! Thank you 😍😍❤️❤️

@srsmithali 3 года назад

Hi Lexi's, love your channel and your personality. New sub. 2 things I want to add. I agree with you on buying via FHA. I bought a condo in Brooklyn and a family member tried to make me feel bad. I just reminded them you are a home owner with your 20% down and I am a home owner with my 3% down. More than 1 way to skin a cat. 2nd.......depending on your builder or seller you can get your closing cost rolled into your mortgage or paid for by the seller. Sometimes these builders have promotions.

@alaska340 3 года назад

Great video! Thank you and wish you millions of subscribers :)

@Efreeman22 4 года назад

Thank you for doing this!

@LexisShantell 4 года назад

Ebone Freeman yay! Thanks so much ❤️

@aubreyjames8795 4 года назад

I'm so happy for you. Such a very smart move.

@LexisShantell 4 года назад

Thanks so much !

@derwynsharp5866 2 года назад

Thank you, I have been thinking and too hesitant to buy a house. I understand a bit but I have trouble le understanding difficult information but this video did give me a basic understanding.

@leaningintopearl 4 года назад

You explained this very well. 👍🏾

@TheTyreeFoster 4 года назад

Thank you for this video love. I’m in the pre-buying process

@LexisShantell 4 года назад

Woot woot !

@serenesoundzzz5111 3 года назад

This was literally so helpful

@planetp11 3 года назад

Thank you for sharing this video!

@Soshesaysjessica 3 года назад

Ok these were some good realistic numbers even they will vary! Definitely gives hope more than scare them away bc a lot of videos I’m seeing show some insane #’s

@meeks7411 4 года назад

Helpful break down ! Thank you for thissss

@LexisShantell 3 года назад

Of course ! 🥰

@damphatty 3 года назад

I like this video. I'm glad you mentioned that every situation is different. In NYC closing costs on an apartment, less than $200.000 is approximately $10,000. It is also worth noting that depending on your lender and creditworthiness, you can include the closing costs into the total amount borrowed. I would be curious to see what the numbers would look like if "Shantell" didn't make more money once she moved into the house. That would be a more realistic scenario since getting a raise isn't guaranteed.