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TopicHow much money do we need to afford a $500-$800k home?
emblem-man
03/28/23 7:12:20 PM
#10:


TheSuperSilver posted...
A $500k home with 25% down payment with interest rates in my state will have a mortgage of around $2500. With a $7000 gross monthly income that'll probably be around half of your take home pay. Not really recommended.

And that's before taxes and other costs are taken from your paycheck. And before adding in things like property taxes and utilities.
I don't think it's doable TC


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