re: Mortgage Amount 2-2.5x Annual Income

If a couple is netting 130k it’s likely doable.
If they are earning 130k it will be tougher as you have to factor 401k and insurance costs. If your both putting 9% into 401k that’s 11,700 less a year. Taxes around 10,000 a year. Insurances is 8,000-10,000 a year. Insurance is higher even with one kid. Daycare is 10,000.
shite adds up.


Save for a down payment and then buy the house you need/want so you don’t have to finance as much.