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Real Estate
Reply to "Can we afford this house? 600k"
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[quote=Anonymous][quote=Anonymous]We pay 2300 and utilities are about 300 month. We probably won't have another for at least 3 years. [/quote] Then yes. I'm assuming with the tax benefit your mortgage will just be a tiny bit more, right? You need to do the math. Figure out what the payment will be, including taxes and insurance, and then estimate the annual tax benefit (taxes and interest times tax bracket). Now compare. Is it close? Will you have some wiggle room and be able to avoid dipping into savings if you need a new car, have a repair etc? Can you float childcare for two for one year if you get pregnant before you planned?[/quote]
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