Realistic SFH price target

Google
pvNn26

Go to company page Google

pvNn26
Dec 4, 2021 7 Comments

Hi, looking to buy a SFH in Eastside or close by (work at Google Kirkland). I make about 300 TC , my wife makes 120 TC and have about 450k liquid cash on hand. What target price should we be looking at? I've messed around with calculators , but they always say ridiculous things like "you can afford 2m house". Any suggestions would be welcome!

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  • Amazon / Eng
    ta5dig

    Go to company page Amazon Eng

    PRE
    Cisco, Ericsson, Amazon, Google
     ta5dig
    2m is def doable, might be slightly tough.. Rule of thumb 3x your salary is 1.35M + 450k cash.. that makes it comfortable to 1.8.. push it a bit to get to 2m..
    Dec 4, 2021 1
  • First Republic
    gPPc43

    Go to company page First Republic

    BIO
    Relationship Manager at First Republic
    gPPc43
    $1.25MM gives you a $1MM mortgage with $200k left in liquid assets (about 40 months of PITI in reserve). I think that is pretty safe and reasonable. Most lenders wouldn’t have an issue with those loan terms. You could definitely get approved for more but you’ll be left a little light on savings. You guys have great income though, so I’m sure you’ll make it up in no time.
    Dec 4, 2021 0
  • Apple
    GAPPL

    Go to company page Apple

    GAPPL
    Following this!
    Dec 4, 2021 0
  • AMD
    munna-bhai

    Go to company page AMD

    munna-bhai
    With conservative 1.2M price target, are there any houses that you like close to your target area ?

    If not you will be forced to increase your budget to target the houses you have in mind.
    Dec 5, 2021 0
  • We have affordability calculator on zillow…
    Dec 8, 2021 0