- 85k in savings, no debt (student loans and 2011 Civic paid off)
- Single, 140k income, ~15k bonus. Getting promoted but salary raise has not been disclosed yet and would not kick in until early next year.
- House is 427,500, ~9,000 property tax
- Approved for 15yr-fixed @ 4.125%. Will have to do PMI for a little bit because my savings are not enough for closing + 20% but I would pay down aggressively to get rid of it.
- Current rent in 1,600. Apartment complex - keep this in mind when I tell you that...
- My parents are moving shortly and anything I don't take from them (for free) will be sold in an estate sale. They have a mower, grill, beds, tons of (old, quality) Craftsman tools, furniture, ... big opportunity cost.
I think I'm making a wise choice, but I fell in love with this house and want valdiation from someone without a personal connection to me that I'll be able to swing it (and that it's not unwise for some reason I haven't though of). Just got the inspection done and the house was more or less immaculate.
Submitted August 19, 2018 at 09:11AM by HouseThrowaway13579 https://ift.tt/2vXmfgR
