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Reply to "Can we afford 950k home with this stats "
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[quote=Anonymous]Yes, if that's how you want to spend the money. As a rough rule of thumb, you're looking for mortgage payment + taxes to be under 30% of your pre-tax income. So you want to be spending $8K or less on housing each month, not counting the bonus. You should be able to do that easily for a $700K loan. Put some of the bonus towards the loans each year and knock those out and you'll be good.[/quote]
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