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Reply to "Would you spend 700K on a house with 165k HHI?"
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[quote=Anonymous]Looking to buy a house with a max budget of 700K with combined HHI of 165K (usually higher with commision averaging 30 to 40k a year but not a guarantee). We would put $250k down (using money saved and from proceeds of selling current house). We have no other debt. Kids are in elementary school. No childcare expenses, cars are paid off and no student loans. After purchasing we would have $100k cash left for emergency fund. I think the mortgage would be between 3000 to 3500 a month which I'm a bit nervous about. Does that sound like too much on our HHI?[/quote]
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