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re: Buying new home - Renting current townhouse
Posted on 12/28/23 at 6:28 pm to ItzMe1972
Posted on 12/28/23 at 6:28 pm to ItzMe1972
According to all mortgage calculator a 450k home with 20% down comes to 3700 a month at 6.5% interest. He will be house poor financing 600k on 200k income IMO. But I’m super conservation and my house note is only 12% of my take home.
1
Posted on 12/28/23 at 7:55 pm to tigerbacon
Right. Financing >$600k on that income would have my butt hole pretty tight. Although, maybe expecting pay increases but those will be offset somewhat by building a family over the years. Either way, not point of OP post, just caught my eye.
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