My spouse and I make a combined $100k/yr with definite opportunity for advancement in the next 5 years. We have a toddler (paying $1000/mo for childcare for another 2 years). No debts. We both have 401ks (around 75k between us?) and total cash savings of $125k. Trying to determine how much we can spend on a home still allowing a cushion in case of job less, etc.
Right now we're looking at 95k downpayment for a $300-330k home. Though there are obviously better options with more land for 375/400k.
I don't know if that's really conservative or about right? I don't necessarily want to buy at the high end of what we're capable of. We want to be able to play and also- kids are expensive.
Submitted February 03, 2020 at 06:54PM by saltandsassbeach https://ift.tt/2UlKPF7
