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Fairfax County Public Schools (FCPS)
Reply to "How much house can we afford?"
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[quote=Anonymous]We're a family of four who just moved to area 6 mo ago, so still adjusting to finances in DC area. I'm trying to figure out how much house we can afford. We'll have downpayment of about $200k, HHI of $165k, two kids. One website tells me we can afford more than $900k, which seems way high. We don't want to be house poor--want to save for college, retirement (though I'll qualify for a pension so that helps, no pension for hubby), have some money for fun/travel/emergency savings too. On the other hand, seems like you pay a lot to get a not spectacular house in a good, close-in school district here. More experienced DC-area families--have any ideas what a reasonable budget is, either for monthly mortgage or overall purchase price? Thanks for any ideas![/quote]
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