Starting to save
Hello Everyone,
I’m new to this subreddit so I’m sorry if the post have been posted before. But as the title suggests. My wife and I are almost debt free, 5k left. We make roughly 90k gross, with a bump to roughly 110k gross in the coming year (hopefully).
With that we are trying to save for our first house. We are thinking roughly 10% down on a house that is 200k-230k. Just attempting to determine if a monthly payment in this range is manageable. This is probably extremely vague, but we are wondering if these numbers make sense for our situation. Trying to make a smart decision before we end up house poor! Any advice is greatly appreciated! Happy to add more info if needed!