I’m 26 thinking abt buying a townhouse in Dallas worth ~$400k near uptown. Can I afford with a $120k salary? Have ~$200k in equities but don’t wanna sell.

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I had a $430k mortgage when I was making $135k.

Have a car loan (~$450/mo) and supporting family of 4 by myself, not a big spender.

Doable based on what you said. But like others said, it’s all about your other expense.

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How much do you have for down payment? How much other debt do you have? How much is the monthly payment including insurance + taxes + maintenance? What are your other expenses? There are mortgage affordability calculators that can help you with this

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Without more details, like your other expenses, no one can give you an accurate answer.

200k in equities?

General rule of thumb is 3x pre-tax income for a home being affordable. You are in the right ballpark.

D1 SOME Amazon and msft folks make that at the senior levels, very few people haul that in, most the Amazon engineers I know pull in a little more than myself in the low to mid 6 figs

This is a very simple question to answer. Add up all your monthly expenses including the mortgage and subtract from your monthly net Income. Ensure you account for property tax, home insurance, AND furnishing the house.

Roughly 2300 PITI assuming 2.75% and 20% down. Assuming low maintenance and repairs should be entirely manageable.

Thought about doing the same. I’d consider some of the areas outside uptown e.g Bishop arts, trinity groves, surrounding burbs, etc.. single family homes typically outperform townhouses in areas with easily accessible SFHs.

Yeah you can. Work all your monthly numbers to the tee

Yes, you can afford it. I bought a condo for $440 with 10% down on a salary of $120k.

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