Hi.. advice needed please. My partner and I are splitting up - I have the option to sell the house we live in, or keep it. I’m nervous I’ll be stretching my budget too thin but I know it’s a great investment (beautiful renovated house in a beautiful and expanding neighborhood). After all of my bills are paid, insurance, car, utilities and the mortgage is paid, I will have around $1500 a month left for food, savings (and retirement), gas, dog and cat food and leisure and any home maintenance. This is only if I don’t make additional commission that month. I try to structure everything off my base pay and not my commission because it’s not guaranteed. My commission is based on year over year numbers and I had a good sales year in 2020. So, naturally, I may be able to expect my commissions to be lower this year and rise again in 2022 (In theory). Included in the $1700 mortgage is $200 of PMI since we did an FHA loan. I can anticipate refinancing and having this dropped sometime in 2022, or perhaps 2023 which would give me an additional $200 of wiggle room. So I guess my question is.. is $1500 enough left over to take care of the things listed above (again this is IF I make no commission) This is my first house and I’m scared. Please don’t judge.. I need advice
Thank you
Submitted February 25, 2021 at 08:03PM by Tay_Danni https://ift.tt/3dMP0Dz
