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Reply to "What can we realistically buy with $250K HHI?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Really depends on how much you are willing to pay (max) on PITI and how much you can put down as well (but if need be, in my view, you could put down a little less of it makes a negligeable monthly difference if it manes you have more emergency funds available). Really base it on that PITI (the monthly payments) rather than the price of the place. At 250k gross, given 3 kids (and their associated espenses) I would assume 4.5k-5k would be your ambsolute max PITI that you should go for and even then it may be tight. Yeah the current market sucks. [/quote] We have a similar HHI and just bought so we will be paying around $5k PITI after 20% down, but we have only 1 child. It would be very tight with 3 kids. [/quote] You've got that right. Signed, 3 kids + $5700 mortgage payment[/quote]
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