hoa: Break Even Analysis and Mortgages at the Beach Villas at Ko Olina
- 02/11/09 03:25 AM
Wednesday, February 11th, 2009 Your Expenses I had another thought this morning; new buyers are going to pay 25% - 35% less than I paid for my villas. So a villa that would have cost $1,500,000.00 with a 20% down payment would have a $1,300,000.00 mortgage with a payment of $7,794.16 per month at 6%. Now that same villa could cost $975,000.00; with a 20% down payment, the mortgage on $780,000.00 will have a payment of $4,676.49 per month at 6%. That $3,100.00 difference covers HOA fees, taxes, insurance, utilities, etc. with money still left over.On my villas, I put a … (4 comments)
First things first, I think it's a 50/50 shot that the final sales event will happen by the planned end of July date. With everything up in the air, I don't see how the sale could happen by then. I could be wrong, but that's my thought. If it were me, I would be using frequent flier miles for those tickets so that you could change them at a moments notice. I'll update here if anything changes.
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