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Real Estate
Reply to "$410k house with DH salary stretching ourselves too thin?"
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[quote=Anonymous]A mort w 336K and 3.75% rate over 30 yrs gets you P+I = $1556.99, and that does NOT include taxes and insurance and escrow. Assuming $7,00o in taxes, the taxes alone add another $750 or so, so your monthly mortg pymt would be about $2300.00. Your hubby makes $7,000 a month before taxes and all the stuff coming out. He brings home maybe $4,500 a month. So, can you live on 4500-2300, or $2,200 every month? For food, gas, utilities, medicval, etc.? Seems kinda tight to me. I wouldn't even consider the bonus in your calculations.[/quote]
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