Tax bracket is 28%…low six figure income. I COULD come up with 450k, but don’t know if that is the best thing for me to do since interest rates are so low. Would be nice to lock in a really low rate and hang onto some cash in the event that interest rates or other opportunities rise to put the cash I have to work. I plan on putting about 200k-300k down, but it all really depends upon the situation and the price of the house.
If I had to, I could put more money down in order to get the deal done if I find something I really like. I also like living way below my means so that I can save money…have lived that way all my life and I like that security. Unfortunately, living that way does not really give me a great tax advantage. Would like to take advantage of some tax break but not to the point that I am stretched.
