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Is 40-45% of my takehome pay too much to spend for a mortgage?
Is 40-45% of my takehome pay too much to spend for a mortgage? I currently have been living with my parents since finishing college and have been saving up to move out to a condo or townhouse. I make $80,000 a year, and have about 90K saved up for a down payment, closing costs, and potentially a rate buy down. It looks like I can get a decent 2bd 2ba for around 300K-340K, but most HOAs are looking to be aro...
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