900k house on 300k income?

[Anonymous]

We have that income and a 900k mortgage, it is NBD. But, like anything, you should look at what your typical monthly expenses are and how much the mortgage would eat into things. There are calculators you can use to determine what your monthly payment will be.

[Anonymous]

Anonymous wrote:We have that income and a 900k mortgage, it is NBD. But, like anything, you should look at what your typical monthly expenses are and how much the mortgage would eat into things. There are calculators you can use to determine what your monthly payment will be.

I found a Zillow app that lets me play around with numbers to see what the payments would be at different prices and with different percent downpayments. We currently spend a lot of disposable income on eating out/bars/and clothes. That would definitely have to be cut back with a higher mortgage payment.

[Anonymous]

Totally fine.

[Anonymous]

Just make sure your monthly housing cost is less than 35% of net pay. Net pay after retirement contributions of course.

How I calculate Monthly Housing cost = mortgage+taxes+estimated utilities+Repairs((1%*home value)/12 months))

[Anonymous]

I also wonder about the 10 percent down if you have a 300k income. How is it that you've only saved 90k? Have you paid down a lot of debt in the past or are your monthly expenses high?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you bragging or just bad at math?

Are you jealous or just a bitch?

Are you just a bitch or a jealous bitch?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you bragging or just bad at math?

Are you jealous or just a bitch?

Are you just a bitch or a jealous bitch?

There's an echo in here.

[Anonymous]

FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.

[Anonymous]

You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.

[Anonymous]

Anonymous wrote:You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.

Plenty of loans out there for 10% down and no PMI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.

Plenty of loans out there for 10% down and no PMI.

This.

[Anonymous]

Anonymous wrote:FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.

This. We have the same income and bought a 750K house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.

This. We have the same income and bought a 750K house.

OP already stated no kids and no plans for kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you bragging or just bad at math?

Are you jealous or just a bitch?

Are you just a bitch or a jealous bitch?

I'm a lover I'm a saint.

[Anonymous]

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