Reply to How much mortgage can we afford?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI - $300k
Student debt - $250k
Car debt and other debt -$50k
Retirement fund, IRAs and 401k balance- $170k
Monthly fixed expenses: $4k

[/quote]

How old are you and how much do you THINK you can afford given the stats you provided? Happy to answer your question and tell you my story if you share that info! I'm guessing I am about 10 years older than you.[/quote]

Op here: we are 33 and 36. I think $750k mortgage should be OK. Please do share. TIA! [/quote]

DH here who did a very different path than you, but I can help you our. I need to know your long term goals, financial and otherwise.

Barring that, no, a $750k mortgage is nuts. Especially at 6%. You will forever be a wage slave.[/quote]

750k at 6% is 4500 then if you add tax and insurance and maintenance it might come out to 6k a month. If the already have 4000 in expenses that’ll be 10k/mo bills. They make 300k as a couple so that’s like 17k take home per month. They have $7000 leftover to save or spend on other things. [/quote]

$3K of that will go to the student loans for the next decade or more.  They do not have that much left. Spending $6K on housing is a terrible idea[/quote]

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