Overestimated closing costs on a new house

[PhoenixOrion]

my wife and I saved up soo much and overestimated BIG time on closing costs. Cost was about 1/10th of what we saved specifically for it. Not to mention we also saved for ancillary items such as new furnitures, appliances, professional movers, etc, etc.

Logical thing to do is to put back all this $xx,000 into say a high-bearing savings like emigrant or ing.

What would be a fun thing to do (sensible) for ourselves as I also want to enjoy maybe some of this "all of a sudden burning a hole in my pocket and very tempting" amount.

Again, I'm putting most of it back into some savings/investments but want to enjoy a little bit of it before doing so.

 

[merlocka]

Cool.

On that subject, I bought a chicken sandwich at Burger King today and those idiots gave me an extra slice of cheese. THINK I TOLD THEM? HECK NO!

I ate it and was like OMGLOL PWNT HAHAHAH!!!!11.

 

[RaiderJ]

So is this advice, or are you just bragging?

 

[dquan97]

I think he's bragging. Spend a part of it on a big screen tv!

 

[everman]

Do you have any debt?

 

[chuckywang]

Originally posted by: merlocka
Cool.

On that subject, I bought a chicken sandwich at Burger King today and those idiots gave me an extra slice of cheese. THINK I TOLD THEM? HECK NO!

I ate it and was like OMGLOL PWNT HAHAHAH!!!!11.

I don't know why, but this made me LOL.

 

[her209]

Vegas!

 

[eakers]

What would be a fun thing to do (sensible) for ourselves as I also want to enjoy maybe some of this "all of a sudden burning a hole in my pocket and very tempting" amount.

go on vacation.
(duh)

 

[chuckywang]

Originally posted by: PhoenixOrion
my wife and I saved up soo much and overestimated BIG time on closing costs. Cost was about 1/10th of what we saved specifically for it. Not to mention we also saved for ancillary items such as new furnitures, appliances, professional movers, etc, etc.

Logical thing to do is to put back all this $xx,000 into say a high-bearing savings like emigrant or ing.

What would be a fun thing to do (sensible) for ourselves as I also want to enjoy maybe some of this "all of a sudden burning a hole in my pocket and very tempting" amount.

Again, I'm putting most of it back into some savings/investments but want to enjoy a little bit of it before doing so.

You bought an Alienware PC? Also, need to upgrade that TI-85.

 

[akubi]

 

[PhoenixOrion]

i was wanting to see what would be good suggestions for both me and the wife.

not bragging, just at a loss; a little bit of a shock, in a good way.

 

[PhoenixOrion]

Originally posted by: everman
Do you have any debt?

wife has a car loan. that would be a good one for most of this to go into instead of savings/investments at this point.

 

[PhoenixOrion]

Originally posted by: her209
Vegas!

Yep, we will take a trip early 2006 paid entirely by.........guess who?.......the bank lending us the money. As a "gift" by being a corporate partner.

 

[MustISO]

Furniture ended up costing a lot more than we thought. You could easily spend $15,000+ on furniture. Pay off any debts, save some and buy something you'll both enjoy.

 

[Vic]

Great. Put it in savings. Don't be foolish and blow it, you got a mortgage now.

 

[z0mb13]

Originally posted by: PhoenixOrion

Originally posted by: everman
Do you have any debt?

wife has a car loan. that would be a good one for most of this to go into instead of savings/investments at this point.

you dont consider ur mortgage as debt? WTF?

 

[PhoenixOrion]

Originally posted by: chuckywang

Originally posted by: PhoenixOrion
my wife and I saved up soo much and overestimated BIG time on closing costs. Cost was about 1/10th of what we saved specifically for it. Not to mention we also saved for ancillary items such as new furnitures, appliances, professional movers, etc, etc.

Logical thing to do is to put back all this $xx,000 into say a high-bearing savings like emigrant or ing.

What would be a fun thing to do (sensible) for ourselves as I also want to enjoy maybe some of this "all of a sudden burning a hole in my pocket and very tempting" amount.

Again, I'm putting most of it back into some savings/investments but want to enjoy a little bit of it before doing so.

You bought an Alienware PC? Also, need to upgrade that TI-85.

What's wrong with TI-85? Suits my current need of 1+1.

 

[Squisher]

Different lenders charge different amounts, that is often how the deep discounters are able to offer you such low rates.

Also, some lenders will want you to fund an escrow account others will not. It's all your money, but you'll have to put a chunk of it down if you have to fund an account.

BTW - I'm moving too after 20 yrs. in our house. I was leery of the costs but they're not killing me and I'm hiring movers.

 

[PhoenixOrion]

Originally posted by: z0mb13

Originally posted by: PhoenixOrion

Originally posted by: everman
Do you have any debt?

wife has a car loan. that would be a good one for most of this to go into instead of savings/investments at this point.

you dont consider ur mortgage as debt? WTF?

I have 15 years to pay this house (unless plans change) and I plan on going by schedule (and maybe the 13th month payment). I don't see the need of putting the "suddenly extra savings" into the house payments as I need the house for tax purposes among other things.

as for the initial question, I interpreted it as "consumer debt" that I don't have any advantage or leverage.

 

[2cpuminimum]

Get one of those high efficiency fridges, they're great for keeping your food cold, and if you can't think of a fun application for that you're not thinkng.
You might want to check the SEER rating on your central air conditioner, they have SEER 18 units available, would cost half as much to cool your home as with an old seer9 unit, could save you a lot of money in the long run.
Check insulation, get more if possible.
Replace all incandescent lighting with compact flourescent lights. You can find them in bulk on ebay, get 100W equivalents or higher.

For that matter you can contact all the car companies, describe the characteristics of the car you want, and ask them to let you know when it's available in a 65+mpg e85 burning variety or 90+mpg biodiesel. Impy that you intend to replace your whole fleet of vehicles when those specs become available from whichever manufacturer offers the lower price.

Find out if it would be economical to purchase a solar electric system. This varies greatly by region, but if the payback period is 10 years or less then you could eventually triple your initial investment.

While your at it, buy a DVD movie and order a pizza. I'd probably do that if I had $xn,000 where either x, n, or both were greater than 0.

Some people with money go to fancy restaurants, like taco bell and even pizza hut.
You could afford to buy real butter and use it to bake your wife some cookies and brownies.
Get a mushroom growing kit and grow your own mushrooms.

You could get one of those robot vacuums, like the roomba, from amazon.com or other vendor. Post a review here in off topic.

I shouldn't have to say this one, but buy your wife flowers every time you go to the store as long as you can afford it.
If your wife wants a puppy, now is a good time to adopt from the humane society or other shelter that neuters/spays all their animals. Buy a year's worth of heartworm preventative from your vet.

Put some of it into an "I'm gonna build a water cooled quad core overclocked sucka" fund, but wait till those quad core processors come out to use it, judging by the photo you already have all the computer you can use.

merlocka: I wish I had an extra slice of cheese.

 

[merlocka]

If you closed with a realtor, closing costs should have been provided up front via "good faith estimate". I think I paid ~4% on my last house.

They are often rolled into the mortgage, along with real estate taxes, title charges, survey, etc... Are you sure you aren't just paying them monthly? Check your settlement statement, it's detailed line by line. I think line 703 of US DHUD form A is commission.

You should also have a closing statement from the realtor which is usually easier to read. The realtor closing fee is typically commission minus any earnist money.

merlocka: I wish I had an extra slice of cheese.

Back of teh cheez, mang.

 

[shilala]

Originally posted by: merlocka
Cool.

On that subject, I bought a chicken sandwich at Burger King today and those idiots gave me an extra slice of cheese. THINK I TOLD THEM? HECK NO!

I ate it and was like OMGLOL PWNT HAHAHAH!!!!11.

Congratulations on fistfvcking a major corporation!!!
That's gotta feel awesome.

 

[PhoenixOrion]

2cpuminimum,

thanks for the insight. i finally got it......
after the stress of the move, wife and i are getting a total body spa treatment. haven't been to one but i'm sure will enjoy the massage part.

I did not know they have 18 seer units. I think the house came with a 13seer. my wife ordered an energy efficiency inspection to see if we can get the house energy star certified but it failed the vacuum test. too many leaks going into the second floor from the outside. it was cool to see the test though. entire assessment took about 5 hours.