Does a 4K House payment seem doable on salary of 150K? 4K Is including note, property taxes, PMI, and house insurance.

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NO WAY 🚫🙀

We make $126k and our housing payment of $2,200 is just okay. We max out all retirement accounts and are fairly comfortable.

$4,000 a month will leave you house poor at $150k salary.

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$4k is a stretch, but might be doable if you can rent out a room for the first year or two.

How much are you putting down? You mentioned PMI, so I’m assuming 10%. If you expect growth in your wages, refinancing in 1 to 3 years once you’ve gotten over 20% equity could be a huge improvement both in payment size as well as interest rate.

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No debt and single. So just supporting 1 person

Gotta think through all your expenses and risks. If you lose your job, are you able to keep up payments until you get a new one? Do you have budget for u expected expenses? When you go through inspections, be serious about considering upcoming and potential repairs/maintenance.

If it makes you feel any better, I'm currently considering 5600/mo on a 160 salary, but it's a duplex with rental income, I don't have a PMI due to VA loan, all major repairs and updates (roof, electrical, plumbing, foundation) were conducted in the last 2 years, and I'm likely to pay down ~100k to principal in 3 months when some CDs mature and I get my bonus. My dad thinks it's bonkers, but anything cheaper won't hold its investment value due to neighborhood, lot sizes of <2000sqft, 2bd or less, or a host of other factors in my HCOL area.

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Some say if you take your monthly gross income and multiple by 30% (.28), keep your monthly mortgage payment under that number. Sounds like yours is right under that advice. It's what I've done with my homes in the past. You're numbers are on the higher side of where you'd want wiggle room with your mortgage payment, but: expect increase in income regularly? Then I'd go for it if you love the house.

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Seems high but not for the times, I guess.

No. Try 1-2k

No. I got lucky during 2020/21stock market. I put ~all my short term investment balance down. North TX new build 4b2b

How much savings do you have?

60K right now. Would be closer to 110K at time of buying

PMI? That means you can’t afford a 20% down payment. Save up first. You’ll find that payment will come way down; the interest rate will be lower with more down, and no PMI payment.

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