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Real Estate
Reply to "How much house can we afford? what would the monthly mortgage payments look like?"
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[quote=Anonymous]I'm the PP who said that $650K house is your max if you want to keep house payments (PITI) to $3,000 or less a month. To 17:23, I think you can currently get a 3.75% on a jumbo conforming loan amount (above 417K below 625.5k) for a 30-yr fixed if your credit is good enough. To OP: You can't get a 650K mortgage and keep house payments at $3,000 per month or less, unless you want an ARM instead of 30-year fixed. If you want a 30-yr fixed and PITI of $3,000 or less, your maximum loan amount is probably around 520k.[/quote]
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