Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "How much house can we afford?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]A general rule of thumb is HHI * 3 = mortgage value so, your max would be $495k for the mortgage, house price of $695k. I don't know I'd be comfortable with that high of a mortgage with two kids though. And your retirement savings should be 20 * current earnings when you retire (in order to live on dividends, not eat into principal). So you'll want $3.3m in savings to retire. Daunting, isn't it? But that's one reason why you don't want to get suckered into the $900k house and a mortgage of $700k.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
