a.

Buying a home (see ​this guide​ for support) (one week)

i. Highest level job - CFO - Average salary $366, 353
https://swz.salary.com/SalaryWizard/Chief-Financial-Officer-Salary-Details-Hu
ntington-NY.aspx?&fromevent=swz.selectjob.freepop
ii. Read and follow the first time homebuyer ​financial guide
iii. Select a home in the city and neighborhood of your choice (tip: Google
“Homes for sale in ​(92101).”
1. https://www.zillow.com/savedhomes/for_sale/119246391_zpid/1
_pnd/41.957447,-71.30127,39.882342,-75.053101_rect/7_zm/1_r
s/1_fr/
a. I really liked this home as it had a pool and a tennis course,
when look for a home I really wanted to a pool
b. It also has some really good schools nearby
c. It is about an hour away from New York, NY but there are
also many different CFO jobs in the actual city
iv. Budget:
1. Record start-up costs: Down payment, closing costs, realtor fees,
utility start-up fees (tips: ​click here for a mortgage calculator​;
check SDG&E site for connection fees).
a. Down Payment: $367,800
b. Closing Costs: $46,081
c. Realtor Fees: $55,170
d. Utility Start-Up Fees: $2000
2. List ongoing fees to pay: Homeowners insurance, upkeep and
maintenance, property tax
a. Homeowners Insurance: $800
b. Upkeep and Maintenance: $ 1000
c. Property Tax: $91,950
3. List the overall mortgage loan amount (principal+interest+time)
a. Mortgage Loan Amount: $2,973,271
4. List the calculated monthly mortgage payments
a. Mortgage Payments: $8,116
5. List monthly utility costs: water, gas, electricity, trash
a. Water: $200
b. Gas & Electric: $ 200.20
c. Trash: $236