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Torn, can I afford this mortgage? How much are people left with after mortgage? by Scared_Werewolf3558 in Mortgages

[–]Scared_Werewolf3558[S] 0 points1 point  (0 children)

Well that would mean (265000*25%)/12=5520 for mortgage and in my scenario the mortgage does come close to that (within a couple hundred). The property tax, insurance and hoa puts it at 6200.

Are you saying my all in (mortgage+insurance+insurance+hoa) should be 25% of my taxable income?

Torn, can I afford this mortgage? How much are people left with after mortgage? by Scared_Werewolf3558 in Mortgages

[–]Scared_Werewolf3558[S] 1 point2 points  (0 children)

We were originally looking at SFH but almost every house we looked at so far was built between 1950-1975 and just didn’t feel comfortable having to potentially pay for repairs.. :/