East Texas Couple’s Viral Video Reveals Shocking Mortgage Cost

(KNUE-FM) This is the type of stuff that drives people crazy. Okay, we have to talk about the East Texas couple who has gone viral as they discuss the struggles they have had attempting to live the American dream by becoming a homeowner. But the cost of everything has social media going crazy.

READ MORE: 5 Things Your Texas Home Insurance Policy WON'T Cover

Viral Video Sparks Debate

Before we go any further, I want it to be very clear that there is foul language used in this video. If you’re offended by bad language please don’t play the video below. While I completely understand the frustration in the video I don’t want to offend anyone.

@jake_no_khakis What happened to the American dream? #mortgage #home #homebuyer #american #americandream #viral #fypシ #family #fyp ♬ original sound - Jake Sutton

Why This Matters for Homebuyers

This East Texas couple does really well for themselves, Jake works in the oilfield, and his wife works as a nurse. They are both making good money, but when you start breaking down the expenses it gets crazy.

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East Texas Housing Market Trends

They are talking about buying a $400,000 home, which is a nice home here in East Texas. The bank wants 5% down, which would be $22,000 to hand over. And after taxes and everything, the regular monthly mortgage cost would be $4,636.

There is no way I could afford a mortgage payment like that, I am just fortunate that I am already in a home with a payment that I can afford. But I just feel for everyone that has that goal of owning a home one day, as you can tell from the video, it’s not easy.

If you are wanting to purchase a home, make sure you reach out to professionals not just take advice from people online.