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Real Estate
Reply to "At odds with spouse ove how much house we can afford"
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[quote=Anonymous]OP, are you willing to use all $750K as a down payment? If so, then a $1.5M house results in a 750K mortgage. That's about $5K/month, give or take. What are you paying for housing monthly now? DH and I carry a $700K mortgage, and we make "only" $300K. Have 2 kids in daycare, no student loans. We are still able to contribute $35K/year to retirement and fund some college savings (which doesn't seem to be a worry for you). One, or both of you, would be able to scale down considerably on income and still not feel a thing with a $5K/month outlay. [/quote]
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