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throwaway.

I’m 31F engaged to 35M and would like to buy a single family home in Denver (not the suburbs). I own a business with variable income and he‘s in tech. We both wfh and recently combined our finances in a joint account. I‘m wondering if we can afford the 3 BDRM houses currently on the market (500-800k) near us.

Finance Breakdown:

Me: 3k-6k take home pay per month (recently, pretty consistently around $4500)

7k in business savings

I‘m a in a healthcare related field, so demand is relatively stable and my business model is relatively simple. My monthly business expenses are low, around $700. I save for taxes (S-Corp) and put $ into retirement each month. I‘m on my fiancé’s health insurance plan.

~100k student loan debt (yikes, I know)

Him:

6k take home pay per month

no debt

Together:

Fixed Expenses: ~$5200 (1 car with payment, $3000 rent, etc.)

Flexible Budget: ~$3000

Savings in HYSA: $26k

I feel like we make a decent amount of money but owning still fees unattainable… am I missing something? We don’t want a fixer upper or to be landlords. We want to buy a home to live in long-term, it’s not just about building equity. We love our neighborhood and would love to put down roots here, but I‘m not sure how people are coming up with down payments for ~650k homes that keeps the mortgage doable. Any insights would be greatly appreciated!

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