robertsousa4 t1_iycy2g3 wrote on November 30, 2022 at 2:02 PM

Reply to comment by maethuu in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye

How is take home at $8400 with 120k gross? I always follow these posts because I’m in a similar situation. Wife and I combine gross is about $170k but our take home is only like $7600.

I could definitely make this higher with some retirement accounts changes but not by much.

robertsousa4 t1_iycxqvd wrote on November 30, 2022 at 1:59 PM

Reply to comment by ProspectiveHomeBuye in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye

It can be tricky. Usually is the bank has the home on their books and is trying to “dump” it. The home could be abused by the old owners and the banks do very little to fix it up. You could get a perfect home and be lucky or get something where the pipes burst (if you live somewhere cold) and everything is broken, it’s a gamble sometimes.