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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DCUM is so funny. OP puts down $750K, still has investments/savings of $2.25 million after that, and after the projected mortgage payment, [b]OP lives on nearly $5K per month[/b]. This is house poor?[/quote]

I at least counseled against it for a different reason. I don’t think she would be house poor. But I also think from the described circumstances this is way more house than she actually needs, and might grow to regret the purchase (finances aside) in time.

From a pure financial standpoint, she is probably fine, though not the move I would make at 50 with 3 million saved. Personally I’d probably move to a lower cost area closer to family, buy an 800k house for cash, and (semi)retire. But if that’s not what OP wants for whatever reason (family in the area?) then  the financials are fine. Just might not want to be taking care of a 100 year old house in 10 years.[/quote]

She's in her 50s. For how long is she planning on working, and what is the term of this mortgage? [/quote]

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