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Real Estate
Reply to "How much to expect to spend on a new house?"
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[quote=Anonymous][quote=Anonymous]Would love to hear the specific numbers on these mortgage. Not OP, but DH and I are facing the exact same issue. Although in our case, I am the more conservative one. :) We have a HHI of $150k and will have about $100k cash from sale of our current place. What mortgage range would be reasonable for us? [/quote] $500k - although really, you need to do a thorough budget to figure this out. If you don't have kids, and don't plan to, that makes a big difference. I'm the PP at $165k that bought on one salary. I did a very generous budget to come up with my number. Sure, we could have gone up to $4k/mo, but sticking at $2500 or less was my goal because I want nice vacations, a cleaning service, and money for college. We also put down enough to be under the $417k cap to get the best interest rate. [/quote]
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