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Message
re: My mortgage - FML
Posted on 10/10/12 at 10:05 am to Catman88
Posted on 10/10/12 at 10:05 am to Catman88
quote:
I would say you would need to net 4500 a month. Which would be a job making about 73k. $192 MTG Insurance pmt? Damn thats high.
That's what I was figuring as well (~75k).
I've been going back and forth between buying a "starter home" for around 200k and having it all to myself and buying a more permanent, larger house and renting 1 or 2 rooms out to friends. The only reason I'm considering the latter is due to me not wanting to give up the awesome interest rate I would be picking up.
3
Posted on 10/10/12 at 12:20 pm to TheHiddenFlask
You guys are right on with the salary. I do have a car note and I definitely overspend on the weekends, which makes my rainy day fundage a lot lower than Id like.
Posted on 10/10/12 at 3:57 pm to TheHiddenFlask
I would do the latter if I could... But a starter home up here is minimum 550k unfortunately unless I want an hour commute 
Posted on 10/10/12 at 4:22 pm to TheHiddenFlask
quote:
arger house and renting 1 or 2 rooms out to friends
working on this right now myself
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