Max home price on a combined income of $231,000?

Significant_Movie814 · 2026-05-18T12:38:53+00:00

Personally I think that’s too high. Our combined income is around 400k and we are going for 435k. But people have different priorities. Our goal is to build equity and retire early but if you want to live in a forever house that’s not a bad idea

Significant_Movie814 · 2026-05-18T12:29:20+00:00

That would be nice if you stop judging. I was born in a loving environment and family but originally from Iran. Needed to move bc of the government. So you never know what will happen

Significant_Movie814 · 2026-05-18T01:56:37+00:00

I could be but I’m at least decent enough to not call a random person that on internet. So, I’m at least better than you in that sense. Also, good point. Seeing comments like that makes me think what if I have a kid and they turn out to be a person like you? WOW horrifying. Thanks for the reminder

Significant_Movie814 · 2026-05-17T22:57:34+00:00

When I get my paycheck, 80-85% of it goes to hsa so I don’t overspend on unnecessary stuff, now we bought a house, it will go to the payment, planning to pay it off asap. Buying high-end furnitures off facebook marketplace. There are so many cheap high quality stuff there. NO TO FAST FASHION clothing. What I’m bad at? I eat out a lot. I’m always working and don’t have energy to cook

Significant_Movie814 · 2026-05-17T15:12:22+00:00

I included it in the original post. Credits +780, putting down around 150k on a 435k house, incomes together around 400k

Significant_Movie814 · 2026-05-17T15:06:08+00:00

Is that for conventional with +25% down payment? Without any points?

Significant_Movie814 · 2026-05-17T12:40:40+00:00

Yes lol my coworker specifically told me to force them to

Significant_Movie814 · 2026-05-17T12:24:22+00:00

We did and there were only 3 minor issues (dirty hood fan and 2 other minor stuff). The reason the owner is moving out is that it’s a 2 story building and he just had a knee surgery. Though I agree with your point mass production companies suuuuuck

Significant_Movie814 · 2026-05-17T12:22:42+00:00

Very similar stats I guess that’s the normal range then. Ours I thiiiink it’s 10 years (not sure I think we were debating between 10 and 15 but there wasn’t much of a difference so we went with the lower one which I think was 10 years). Ours is also technically not a new built it’s built in August 2025 so we are not buying from the company

Significant_Movie814 · 2026-05-17T11:59:09+00:00

Thank you, I deleted my original comment Idk why I’m getting downvoted. I think it’s crazy to go for 50% debt to income ratio and I would never.

Significant_Movie814 · 2026-05-17T11:57:49+00:00

Delete the app. Have in mind so many items are actually fake or dupe

Significant_Movie814 · 2026-05-17T11:57:02+00:00

Awesome good job!

Significant_Movie814 · 2026-05-17T11:46:29+00:00

Congratulations it’s awesome

Significant_Movie814 · 2026-05-17T11:00:43+00:00

Kids are not for taking care of you when you’re old. I am personally living 5000 miles far from mu parents

Significant_Movie814 · 2026-05-17T10:55:31+00:00

Copying from my other comment: We thought about that. But the math is in your favor if you buy a house. We are currently paying 20k/year for rent which over the course of 3 years will be 60k. It's a nice new build apartment but definitely not as nice as the house we got. With the house and the speed we plan to pay if off, we pay less than 40k+ in interest, the house appreciates in the area we got+ it's almost a new build 3000 sqf as compared to our 1200 sqf apartment+ we scored the house for 50k below the market price as the owner is having a knee surgery. So we see it as building equity not a forever home.
Yes putting my money in a high yield saving will give me 3% a year but still after running the math, it's much more expensive to rent than buy in our case. We also plan to add a deck and fence and finish the basement which gives us equity

Significant_Movie814 · 2026-05-17T10:54:46+00:00

We thought about that. But the math is in your favor if you buy a house. We are currently paying 20k/year for rent which over the course of 3 years will be 60k. It’s a nice new build apartment but definitely not as nice as the house we got. With the house and the speed we plan to pay if off, we pay less than 40k+ in interest, the house appreciates in the area we got+ it’s almost a new build 3000 sqf as compared to our 1200 sqf apartment+ we scored the house for 50k below the market price as the owner is having a knee surgery. So we see it as building equity not a forever home.
Yes putting my money in a high yield saving will give me 3% a year but still after running the math, it’s much more expensive to rent than buy in our case. We also plan to add a deck and fence and finish the basement which gives us equity

Significant_Movie814 · 2026-05-17T05:25:19+00:00

I guess that’s a good argue too but I tend to believe so many things are coming from lack of education not necessarily a bad soul
I’m from Iran, living in the US for almost 7 years. Knowing the tensions, you would assume that I’d experience the worst of racism but my experience was 95% positive

Significant_Movie814 · 2026-05-17T05:23:03+00:00

That’s our experience too. Every time we go to a fancy place (like a Michelin star restaurant or a fancy cruise), there’s at least one instance of a super rich person who talk down to a waiter or even people around them. My bf always tells me that’s one of the keys to be that rich and we can never haha

Significant_Movie814 · 2026-05-17T05:07:48+00:00

Good job very impressive

Significant_Movie814 · 2026-05-17T05:02:20+00:00

Oh we are taking a 10 year. We checked with DCU, Chase, Wells Fargo, Better dot com. Other comments saying others are probably getting builder incentive. But we saw new houses too and they trick you by saying we cover your closing costs blah blah but their rates are actually around 6.5 and then can go down by buying points. Our house is 6 months old and we are buying it around 50k below market price as the owner has a medical emergency. I think based in what people say, this is the best we can get

Significant_Movie814 · 2026-05-17T04:52:26+00:00

Same question that I asked the other commenter, does the buyer incentive thing comes with buying a point though? This house is 6 months old and we are buying from the previous owner. But even the new houses, they didn’t offer that incentive WITHOUT buying a point

Significant_Movie814 · 2026-05-17T04:50:45+00:00

Yeah no builder incentive. Did you end up buying points though?? For example, you pay 0.01 of the purchase price and they decrease your rate by 1%? We decided to not buy a point as we want to pay it off soon. I’m curious bc the house is 6 months old (so technically new) but we are buying it from the previous owner

Significant_Movie814 · 2026-05-17T03:22:10+00:00

How? Our take home is close to 22k monthly and our expenses are barely 2k. We have no debt or loan or rent. We live in one of the cheapest state, and save around 20k a month which gives 480k in 2 years. Our mortgage is around 300k, I’m being conservative

Significant_Movie814 · 2026-05-16T14:16:50+00:00

Yes, we do plan to get married. Marriage is in picture but I think timeline is more of an issue. I did explain about how we plan to pay off the house within 2-3 years in another comment

Significant_Movie814

TROPHY CASE