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Reply to "Would you spend 700K on a house with 165k HHI?"
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[quote=Anonymous][quote=Anonymous]Of course you can do it with that down payment. I don’t see why your PITI would be that high, though. Shouldn’t it be closer to 2500 on a 450k mortgage?[/quote Op here. Yes, preapproval from bank quote for PITI on 450k mortgage (so 700k house for us) is $3,050 a month. I put the range in just in case taxes are higher. The first year we lived in our current house paid PITI $1900 then 2nd year realized the taxes were very messed up the first year and our mortgage increased to $2500. I always estimate higher just in case. [/quote]
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