I make 21 an hour. it equates to 1300 a paycheck every 2 weeks. So I take home 2600 a month. some months I get a 3rd paycheck depending on how the Fridays fall.
Credit score is over 800 and I plan on putting 5-10% down on a house. 30 year fixed rate of 3.5-4, depending on time i purchase.
Property taxes will be really low because I will be getting a house in the rural part of Arkansas.
Trying to figure out what sort of house I can even get. I have already factored out anything 200k+. Honestly I think My top end would be like 190 or so. I'm looking at a house for 170 right now and I really like it.
I am trying to figure out if 1300 every two weeks will be enough to not be house poor with a 170k house. Probably going to bundle home and auto with progressive as they have the best auto rates around here and I've already had them for awhile.
Could I get some numbers of what you guys get paid along with the type or monthly payments/ down payments/ house prices you have?
I have been crunching numbers over and over and throwing the top end numbers at every monthly estimate. Also double and triple checked I am not missing any guaranteed monthly payments and it looks like I should have a few hundred left over every month for whatever I want.
My fiancee and son will be living there with me and I figure once she gets a job we will be more than okay. Just not sure if I am stupid for going for a 170k house with a 5% down payment with my paycheck.
Submitted January 25, 2022 at 10:57PM by Kallixin https://ift.tt/3u148Wb
