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re: In the market for a house...
Posted on 5/8/24 at 10:32 am to jlovel7
Posted on 5/8/24 at 10:32 am to jlovel7
quote:
$3500-$4000 a month in payments when you factor in insurance, mortgage, taxes, etc...
Looks like your income after taxes is around $120K.
That should leave you with $10,000 a month with 35 to 40% going to your mortgage payment. You need together that number closer to 25%. I wouldn't recommend buying a home for more than $400K.
2
Posted on 5/8/24 at 10:35 am to LSU Grad Alabama Fan
Less, they are putting a lot into 401k Ira etc. I’d say take home closer to 8
Posted on 5/8/24 at 10:48 am to LSU Grad Alabama Fan
quote:10k after the insurances, 401k and their Roth contributions are taken out? Plus Virginia taxes?
Looks like your income after taxes is around $120K.
That should leave you with $10,000 a month
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