Make 340k pre tax and bonus 15%.
How much mortgage can I afford and what should be maximum monthly payment?

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

If you Google “mortgage calculator” you may get a more specific calculation.

likesmartfunny

In SF? Nothing. But nice flex I guess?

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Depends on how much other debt you have and what your available down payment is. Most jumbo loans will require a minimum 10% down. Start there. I.e. if you have 250k saved, the absolute max home value would be 2.5M. Then work down. Banks will usually lend to a debt to income ratio of 36%. In my view that’s way too much to spend on housing and is not “affordable”. But for you that means a monthly payment of 11,730 (inclusive of taxes and insurance). My view on affordability, though, is that you’re not going to want to spend more than 25% of TAKE HOME pay on mortgage. Assuming a 40% out of your comp for retirement, insurance and taxes, leaving you with 234,600 I think you’ll start feeling stretched if you’re spending over 5,000/month all in.

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HHI is 800k. House is worth 750

Depends on the country you are in.

Country is us lol

Your monthly rental + 50% of your monthly savings (the amount you save after retirement). This is a good rule of thumb. If you spend more then you are reducing your quality of life.

Then you are saving more or have bigger monthly expenses. If your monthly savings is high then my formula doesn't change. If you have bigger monthly expenses then your quality of life will go down if you buy a house.

My wife and I make around 375k TC and we have a $1.1M home on the east coast. We put 20% down and locked in a 3% fixed rate. We pay about $4500 a month for mortgage, taxes, insurance. We had a lot saved up so we’re pretty comfortable with that payment.

Combined. DC

You must be an ae

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