At what HHI would you consider a 1.5mm mortgage

[Anonymous]

House is 2.7mm, but we expect to be able to contribute about 1.3mm from cash on hand and equity from current house.

[Anonymous]

Never.

[Anonymous]

Run the numbers on a calculator. Why is this hard?

[Anonymous]

$750k if it was stable

[Anonymous]

500k, but really depends on so many factors: how much you have in retirement, savings/emergency funds, your ages, expected salary growth, stability of job fields; kids in the future/tuition/college funds, etc. Can you keep mortgage to 25% about gross income?

[Anonymous]

We did this easily at 500K-800K HHI but rates were much lower. DINKs so no kids or other major expenses yet.

[Anonymous]

We did that when Dh earned $1m.

I believe the formula is 3x so you should earn bare minimum 500k but I would not feel comfortable with high interest rates.

When we had a 500k HHI, we had a 800k loan and that was when interest rates were lower.

[Anonymous]

$750k

[Anonymous]

HHI ~$1m and I now regret our $1.3m mortgage @5.75%. I wish we bought a cheaper house…

[Anonymous]

$1m.

[Anonymous]

We did it with 350k

[Anonymous]

Anonymous wrote:HHI ~$1m and I now regret our $1.3m mortgage @5.75%. I wish we bought a cheaper house…

Why? That should be comfortable at your income level.

[Anonymous]

Wow you all live large. We have $1m income and have about $300k mortgage left on a $1.3m townhouse. Of course we could afford a lot more, but I don’t want that kind of risk.

[Anonymous]

Anonymous wrote:Wow you all live large. We have $1m income and have about $300k mortgage left on a $1.3m townhouse. Of course we could afford a lot more, but I don’t want that kind of risk.

Meanwhile you sound like you either live super large or choose to not live at all, with $300k mortage on $1M HHI.

[Anonymous]

Anonymous wrote:Wow you all live large. We have $1m income and have about $300k mortgage left on a $1.3m townhouse. Of course we could afford a lot more, but I don’t want that kind of risk.

You live very large too.