{ "media_type": "text", "post_content": "I make 60k a year. \nPay $280 for my car \n$30 for my Federal Loans \n$200 for sallie Mae. \nCredit score : 720 \n\nWhat would be my DTI and how much house will I probably be able to get? \n\nI have 10k from my 401k for down payment\n\nLooking in the Austin /Philly Market😍", "post_id": "610c9ca190888c002b55f471", "reply_count": 32, "vote_count": 2, "bowl_id": "5a5242b78e26290018502ca0", "bowl_name": "The Real Estate Bowl" }

I make 60k a year. Pay $280 for my car $30 for my Federal Loans $200 for sallie Mae. Credit score : 720 What would be my DTI and how much house will I probably be able to get? I have 10k from my 401k for down payment Looking in the Austin /Philly Market😍

Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

In Texas, if you’re under $85k, you qualify for down payment assistance up to 5% of the purchase price (I think it’s 5%). House has to be under $295k. It’s a forgivable 2nd mortgage forgivable after 3 years.


Thank you!

Aye I’m in Philly market, feel free to reach out would love to connect. But to answer your question your DTI would be (280 + 30 + 200) / (60,000 / 12) = 10.2%. That is an excellent DTI. Are you living at home with your parents? Don’t forget to include rent if applicable Most lenders want to see under 40% so doing the math that’s a $1,490 mortgage

You’re right I forgot about PMI/MIP and prop taxes (and maybe homeowner’s insurance - I forget), thanks for pointing that out. And unless lending standards have tightened since I closed on my duplex 8/2020 I would disagree with OP having no shot with 45% DTI My lender told me only over 50% is an auto rejection for conventional lending (can still go FHA up to something like 55%). I closed on a conventional mortgage with a 43 or 44% DTI and only had to put 6.9% down instead of 5% due to my DTI and my rate is 2.875% fixed for 30 years. And that’s on a multi unit, could do even better on a SFH

Recent IconRecent

There’s a ton of mortgage calculators and other “how much house can I afford” resources online, but would talk to a lender in your area and get their opinion, if you’re serious about buying something soon.


I live in Austin and I’m gonna be honest. There’s no way you can afford a house here. Cheapest houses in the city are listed for over 300k now and that’s for a tiny, not so nice place you wouldn’t want to live in, or it’s so far from the city you might as well stay living with your parents.


There’s currently 63 houses listed below 300k for sale in Austin right now

It doesn’t seem like you’re in a financial position to buy a house yet. Save more, try to work on increasing your income, and pay down debt first.


Thank you! That’s definitely the plan !

Is 10k part/all the down payment? Investment property or primary residence? Investment property usually requires 20-25%.

Can always house hack a small multi family property

Thanks! I’m serious just very nervous and anxious.

Yeah it’s not every month. It’s sometimes! But true!

Err maybe save more $$ first? 🥴

Definitely get a house instead of a condo, there are several benefits including no hoa (in most cases), easier to sell in the future, greater increase in value, etc. Got my first home with only 3.5%, sold it a couple of years later with some equity…now, I am about to close escrow on my third home. Good luck 🍀


keep saving and keep working towards earning more. Also getting married to an income earner helps. This salary/down payment is not even close to being able fro afford a house, especially in austin. Consider buying a run down duplex you can fix up and rent out the other half, only need 3.5% down but with that much debt you’ll have a hard time qualifying.

Post Photo

Related Posts

Hey Guys, Hope you all are doing great. Can someone let me know about the work culture, is Saturday working, are there any shifts and benefits of HSBC Electronic data processing india, ecospace, Bangalore?

I’ve worked at the same big 3 boutique since I was a clerk. I’m a NEP now. I work in a mid to small market town. One of the partners in one of our larger offices wants me to move to their market. I have a great relationship with this partner and they are telling me they are planning to retire in 5 years. They have a sizable book of business. I have two small kids, my wife is an attorney who practices in state court. I’ll never be more than a well-regarded service partner if I stay. Would you go?


What are RSMs benefits like? Do they pay for higher Ed?

Healthcare folks: if you could go to any Publicis Health agency, where and why?


You should be able to opt out of social security taxes and as an alternative be required to contribute the same amount of money to your 401k.


How many of you are the only woman at your firm/practice group? I’m at a large firm, but part of a smaller practice group (<10 associates). We have female partners, but I’m the only female associate in our group. I’ve become friends with one of the other associates. Someone recently joked that I’m his “work wife.” This really bothered me. I don’t think of our relationship as romantic at all. This is mostly just a rant, but can we please retire this term?


Which one of the two has more long term monetory benefits/growth? Working as a product manager or working as a software developer. I need an honest opinion.


Currently am contributing money into both 401K and Roth 401K. Should I also open up a Roth IRA?


Not in IB or ER, but I have to ask (per CFA study), how common is it to run in to troublesome pension accounting issues? It seems like most companies have/are going the way of DC plans and away frm DB


Hi Fishes, I joined FIS global Pune recently. What are benefits of National pension scheme - employer contribution at FIS ? Any idea? Also where we can use meal card? FIS

So how are people supposed to retire when 20% of a port cna disappear in less than a month lol


What's your per diem amounts? Per diem at NTT Data Services... $75/day in low COL, $100 in mid COL, $125 in areas like NYC, SF, DC, Vegas. ACN, $40 a day in St Louis, $52 NYC


Anyone participating in dry January or done similar things in the past? Did you notice an effect on mental health or other benefits?


Just accepted an offer with JP Morgan. Starting soon, any benefits I should be aware of?


Hey everyone! Healthcare attorney here in NY big law. Where are others from?

Any one thAt does per diem on here?

What is Microsoft maternity leave in the US?

Got an upcoming interview for a Healthcare Rev Cycle Consultant at McKinsey - would anyone be willing to have a brief chat to help me gain some familiarity with that practice and what I should expect during the interview process? Thx! 🐝


Someone please refer me to tcs or big 4 /big 3 or any good company where I will get health insurance . Domain : Finance YOE : 5+ Education : Ca final & M:Com Skill : Advanced Excel with Macros & VBA Rep Am a Chronic kidney disease patient stage 4 , in future I might need insurance for transplant / dialysis . Otherwise am active & perfectly working fine in a Pvt Ltd company . Just that leave policy is very rigid & no insurance . If you may refer me that will be really helpful ! Thank You .

Has anyone done a BCG secondment? Which benefits are still covered by BCG? Health insurance is but what about 401k stuff. Phones? Laptops? Mifi?!


Additional Posts

Moving to the UK firm — does PwC have any discounts for personal lines with cell providers?


My cancer is more manageable than my client. I am looking forward to chemo day because it’s a break from them.


Any data science/ machine learning opening in jp Morgan Pls refer me I have 4+YOE


Moms of older (8+ kids). My son is in on a “select” team sport (that he is very good at and he always is smiling when he plays) — but getting him out the door is so painful... WWYD


Have you ever seen an audit not get done? Like physically the team just couldn’t get through the work in time or the whole team quit in the middle or something


I have received offer letter from Business Consulting, Finance team from EY US LLP.. I wanna know what are the chances of getting L1B visa approved?


My bf story was/is quite good. We made it easily to 12 months but then my LO decides he is too busy to bf during the day but will do so in the morning and at night. So I started to wean from pumping but I am holding onto one - and I am not sure why. I am struggling with the idea of going dry even though he bit me tonight. Any mom struggle with letting bf go? What helped you move on?


Any suggestions for vineyards to visit in Sonoma?


Hi Everyone, I have an offer from RSM as an International Tax Manager (I have no UK experience) in London for £60k basic salary. Bonus is discretionary at 10%. I am currently a Senior Analyst in one of the Big 4s in Canada but was Manager in my previous position in Africa. I know the big 4 pays more but is this a good offer?


Anyone willing to give a referral for the PEPI group?

Is this bowl now sponsored by RightMove or something?


Hey Guys, Hope you all are doing great. Can someone let me know about the work culture, is Saturday working, are there any shifts and benefits of HSBC Electronic data processing india, ecospace, Bangalore?

Hey please may I know how much salary does a creative design - Analyst get in Deloitte with a work experience of 4yrs?


Hi all, on 11th dec i gave my Amdocs technical interview which i cleared, next day had my MR round, i got a call from HR 3 days before for documents and she asked my notice period and showed disinterest after hearing 90days. I have submitted my documents Now since 3 days i am waiting for a reply. But hr is not responding tried calling and mailed her. Please help what should i do?


Hi guys... Need a referral for Mainframe developer position in CGI... YOE is 2.9 Location - Chennai Please help... Thank you... Also need likes to unlock DM...


Our 15 week old who used to sleep through the night in his snoo has been waking up crying in the middle of the night, at least twice. Is this regression? What should we do? Will he go back to sleeping through the night again?


Happy early Thanksgiving! I launched a free investment network with startups seeking capital. Please sign up as an investor or entrepreneur and take a look at our 50+ pitches and everything is free. Appreciate the support and happy investing. This is my dream and really appreciate the support. Link to site:


In the past after my on sites the recruiter calls randomly and says I didn’t get to offer. This time she asked to schedule 30 min on my calendar...can I expect better news?


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or