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Real Estate
Reply to "What can I afford with 210K joint income and $300K down payment?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Agree with PP. We have had over $1million mortgage for several years with $120K annual income and we sleep just fine but we also have over a million in fairly liquid funds so we know we can fall back on this if needs be. [/quote] This does not compute. How could you possibly NOT need it? Like every month?[/quote] Our federal and state tax bill is negligible because of the mortgage interest and real estate taxes plus other deductions. So figure the debt service at today's low rates and take into account no other debt and it is very doable. The only time we dip into savings is when we go on vacations which we do two or three times a year. [/quote]
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