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michaeltyesterday at 8:46 PM1 replyview on HN

[1] tells me a $350k mortgage with a 10% deposit, paid off over 15 years, costs $2,585 per month. That's $31k a year.

That kind of income with that kind of house price should be pretty comfortable, given you don't mention supporting a family. If your non-housing bills are costing $109k a year, there's a good chance you could reign in your lifestyle choices.

[1] https://www.bankofamerica.com/mortgage/mortgage-rates/


Replies

xhkkffbfyesterday at 10:27 PM

When many people talk about a salary of $140k, they're using pre-tax numbers. $140k can easily shrink to $90k, $80k or even $70k after tax.

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