Cafe, how old are you, are you married, do you have kids and if not are any of these things possibilities in the next 5-10 years? The answers will affect my advice.
You can get away with 3% and can work all kinds of deals with the closing costs, so that can vary, but you can squeak in with 25k total and keep your safety net. Ignore the 401k money, that’s not part of this formula.
But the real question is, are you a 500k homeshopper and my answer is no, I apologize but that’s my advice.
I’m not even good telling you to look at 400k, not even 350k.
If you are going minimal down, and you make 100k, your ceiling is 300-325k, 3x earnings borrowed max, the ultimate fundamental.
Pushing you inland??? You are gonna get more than pushed baby, welcome to Temecula!!!!
