Reply to What can I afford with 210K joint income and $300K down payment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$900k?  Really?  That seems high.

If you want to keep your mortgage around $2600, then you can't finance $600k.  We financed $370k and we have a $2200 payment (PITI) with an interest rate somewhere in the threes.

We have a HHI of around $150k and we're not trying to spend more than $600k on our next house including 20% down (so financing around $450k or so).  I guess maybe I'm too conservative.  But I'm trying not to be house poor.[/quote]

Principal and interest on 600k will run about 2,800. That is probably tight for someone making 150k, but should be very comfortable for some making more than 200k.[/quote]

Right, principal and interest.  But once you add taxes and insurance, you're looking at what...another $500 or more, right?  I know that with a higher household income they can afford more than the $2600/month that they're paying now but I think if they want to live comfortably and be able to afford daycare AND be able to continue to pay their mortgage should one of them lose their jobs, that OP would be wise to stay around $2600/month.

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