Reply to What can I afford with 210K joint income and $300K down payment?

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[quote=Anonymous]OP Here.  Thanks.  It's helpful to hear your thoughts, even though I can also put the numbers into a mortgage calculator.   We have very little debt (car paid off, and one of us has about 8K left in student loans; no credit card debt).  We currently each put about 10% of our income into our 401K/403b, though we should probably up that amount, I'm told.  Retirement is currently our main savings mechanism.   Neither of us expect big raises--i.e. we both have jobs we like that are stable, but not huge money-makers.  We're planning on public school for elementary (and will choose a location accordingly.  Doesn't need to be a great school, but not awful either).  Parents are helping out with savings for college (and private high school if we go in that direction), so we're not panicked about that yet.

A few folks have thrown out 900K has a starting point.  A 600K mortgage scares me (just seems like such a huge number)!  But it's good to hear people say that it's doable.   I think that we'll start looking at places below our max price, and then work our way up if we don't find things we like.

Now we just have to decide on the neighborhood!   One of us works on the redline; the other in Georgetown.  Metro commuting is great.  Bus commuting is fine.  Car commuting is OK.  Liberal-leaning environs, a chance to build some community and proximity to a restaurant or two important.

Thanks for the input![/quote]

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