Hello everyone,
I'm a 24 year old single software engineer who has been itching to move out for the last 2.5 years. I keep saving money for a down payment, but the goal posts keep moving by the time I've saved up more money. I'm up to 70k. I found a house that I absolutely love. It checks all of my criteria and is in a great location. With an escalation clause on my offer, the mortgage can range anywhere from $2800 to $2977.
I make 125k and I don't have any debt aside from a $70 rock climbing membership and a $30 music streaming subscription for my family. After benefits (HSA, insurances, retirement) and taxes, my take-home is approximately 6200 a month. I don't live an expensive lifestyle.
Is this possible mortgage too much?? I don't want to commit to a bad deal.
Thank you!
*edit* salary
Submitted June 01, 2024 at 10:27PM by stressed_sw_engineer https://ift.tt/90fbrWL
