Can I afford this?

[cbmd81]

Not sure if this will be enough info to provide guidance but worth a try. We are a two physician household with about $700k combined gross income. We are 3 years out of training and have about $50k of student loan debt after paying down aggressively since training. We are starting to outgrow our house but love the neighborhood. There is a house we love a block away listed at $1.325. Can we afford this? Thanks!

[Complete_newbie]

Yes. Keep that income going.

[jfoxcpacfp]

cbmd81 wrote:

Not sure if this will be enough info to provide guidance but worth a try. We are a two physician household with about $700k combined gross income. We are 3 years out of training and have about $50k of student loan debt after paying down aggressively since training. We are starting to outgrow our house but love the neighborhood. There is a house we love a block away listed at $1.325. Can we afford this? Thanks!

Click to expand...

Not enough info.

[DMFA]

If you have to ask, then there are probably a lot of other questions needing to be answered...but a general rule is no more than twice your income for a mortgage, and no more than 20-25% of your monthly net income on the payment.