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Reply to "HHI for $700K house?"
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[quote=Anonymous]I think it's doable on $160k if you have no other debt AND you are willing to forego eating out and travelling. But, only you really know your budget. Track your expenses for a couple of months (it's easiest if you can just put everything on your credit card), add that to your fixed expenses (childcare, utilities, cable), subtract it from your take-home and see if you have enough left to do the PITI on the 700k house. DCUM-ers love to brag about how fiscally conservative they are - don't put too much stock in the HHI $250k posters who can't IMAGINE having a mortgage higher than $400k. A lot of them probably have other significant expenses they aren't mentioning.[/quote]
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