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Real Estate
Reply to "HHI 200K - how much house can/should we afford"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can comfortably afford 750 with 2000 down. Be aware that a lot of DCUM posters are extraordinarily conservative about debt. Y[b]ou can try every financial calculator online and they will all say this is on the conservative side of your affordability.[/b][/quote] So what? OP, you need to be under $600K if you want to have any emergency cushion.[/quote] "So what?" is because these calculators already build in an emergency cushion and are designed by people with actual understanding of finance.[/quote] $750K with a $200K down payment, assuming 4% interest, is about $3400/mo. $3400/mo for mortgage $1500/mo for childcare That's $4900/mo right there before cash savings, retirement investments, health insurance premiums, food, utilities, transportation needs.... But what PPs have said is correct -- everyone's threshold for what percentage of take-home they are willing to spend on mortgage is different. [/quote]
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