TC -> ~300k (~200k cash) Monthly payment showing up on Zillow -> ~6k(including tax and HOA) Has enough saved for 20% down payment Thanks! have a great weekend
No, you need at least 2 mil in the bank so your investment income covers the mortgage payments forever 😤
200k cash * 0.28 / 12 = 4,667. This is probably the max monthly amount that you should go for. I don't count non-cash, but you're at Amazon. You and your mortgage company's call. Oh, and make sure you get a mortgage company pre-approval before you shop around. Can't get more than they're willing to lend.
What price are you targeting? How much are your expenses?
I wouldn’t put 20% down personally. $6k is a lot of mortgage Sounds like an expensive condo. Where is this?
Yes