I'm a 31 year old single male working in NYC looking at places in the suburbs. I net about 5k a month, which has been consistent the past 3 years (it will advance with future promotions). This is after I put 13% of my pretax income into a retirement account.
I found a home that would be about 3200 a month with Mortgage+Taxes+Insurance(flood insurance included) after 20% down and a 2.65% interest rate. Am I stretching my budget too thin or can this be a realistic expectation for me? If not, how should I budget my income?
Submitted October 30, 2020 at 08:17PM by Arjay34 https://ift.tt/2TH0mOs
