I BOUGHT A HOUSE MAKING $55,000 A YEAR

@jocelynbesara

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Why it worked

The video provides high-value, transparent financial data that addresses a common curiosity about homeownership costs, making it highly relatable and shareable.

Summary

The creator shares a breakdown of her monthly mortgage payments over the first three years of homeownership. She explains how escrow and property tax estimations influenced the fluctuations in her monthly costs.

Structure

1Hook stating the creator's income and home purchase
2Explanation of what escrow is and how it works
3Breakdown of mortgage payments for year one
4Breakdown of mortgage payments for year two
5Breakdown of mortgage payments for year three
6Closing question asking for viewer comparison

Call to action

feel free to drop it in the comments if you want to share

On-screen text

I BOUGHT A HOUSE I BOUGHT A HOUSE MAKING $55,000 A YEAR SO HERE'S THE BREAKDOWN OF MY MONTHLY PAYMENTS SHORTLY PAYMENTS MONTHLY ACTUALLY THIRD PRINCIPAL PAYMENTS ESTIMATION FIRST YEAR 1 $1,722.86 ESCROW PAYMENT YEAR 2 $1,573.02 THIRD OWNERSHIP CHANGED YEAR 3 $1,791.75 STAYED CURIOUS

Original caption

Sharing my monthly mortgage as a first time homeowner💸 #finance #realestate #realestateagent #housingmarket #debt

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Transcript

I bought a house when I was making only $55,000 a year, so here's what my monthly mortgage payments actually look like. I got promoted shortly after buying my house, which made my monthly payments a lot more affordable. My first year, my monthly mortgage payment was actually pretty high because of escrow. If you don't know, escrow is a third-party company that will take your home insurance and your property taxes outside of your principal and interest and save it for you for the full year. They just add it on top of your principal and interest payments every month, so it's one lump sum. Because I bought a new build property though, they didn't know what the property taxes were going to be for the first year, so their estimation was really high. So for the first year, my monthly mortgage payment was $1,722.86. For my second year, escrow actually decided they took out too much money from the previous year, so they actually reduced my payment to $1,573.02. And more recently, June is the start of my third year of home ownership, and they have now changed my payment to $1,791.75. So all in all, my home payments have stayed pretty much in the same range within the last three years, but I am curious how this compares to others, so feel free to drop it in the comments if you want to share.