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Reply to "HHI $250k what would you spend on mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would buy a 1.2 M house and put 20%down[/quote] Way too high. We make $275k, plan to send one kid to private, and our $4k payment ($660k mortgage @ 4.25%) is the max we are comfortable with.[/quote] +1 OP, stay around $500-600k[/quote] This, $1 million is insane. $500 would be my upper limit, 600 maybe. Remember you have college, retirement and activities to fund.[/quote] This will keep the payment manageable but the only think OP can buy at that price is a dump. Even out in the exburbs.[/quote] We bought a dump. Better to have a dump and be comfortable than stress over money.[/quote]
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