First time home buyer here, I am very overwhelmed to say the least, I currently rent and pay & 1600 monthly. The homes in my area that are nice and in a good school district range 250-300k, I am single and have a 6 year old. I take home about $4000 a month on a low month but I am trying to figure "worse case scenario", I estimate on the high end my "extra" bills will be about 750$ a month. The home I am looking at would be about 2100$ a month with taxes and such rolled in for a 30 year. So I am looking about about 2850$ a month for bills leaving me with on average say 1,150$ left over each month for saving/activities. Is that cutting it too close? Or will I be okay? I am comfortable right now at my current apartment but I feel like I am shoveling this money away into the garbage because I will never get anything out of it.
Submitted April 26, 2020 at 07:13PM by amberreger https://ift.tt/3eTvy6p
