nnkrealtor
Recycles dryer sheets
- Joined
- Jun 8, 2005
- Messages
- 103
I know that the standard for buying a house is no more than 2.5 times your annual pay. Is that the mortgage or the total house value should be no more than that 2.5?
What I am getting at is My wife and I have a household income of around 80k-150k (we both work commission jobs so it varies) but I always base my yearly budget on the lower side. I want to put 230k down on a house that is about 440k leaving a mortgage of 210 that dosn't seem too bad does it? No kids and I want to still be able to max out our 2 SEPs and a Roth IRA.
What I am getting at is My wife and I have a household income of around 80k-150k (we both work commission jobs so it varies) but I always base my yearly budget on the lower side. I want to put 230k down on a house that is about 440k leaving a mortgage of 210 that dosn't seem too bad does it? No kids and I want to still be able to max out our 2 SEPs and a Roth IRA.