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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]What is your monthly payment (with taxes + insurance) vs monthly take home pay? Is the mortgage a fixed interest rate so you can be sure of no increases? Assuming you keep spending at the same rate, how much would you expect to save every month? Will you be able to replenish an emergency fund and use it for home repairs periodically? Do you expect your income to go up significantly in the next 5 years or stay flat? You should ask yourself each of these questions. I think this will clarify what the answer is for you. [/quote]
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