http://annapolisguide.com/blog/2009/06/05/moving-to-annapolis-maryland-what-home-can-i-afford/ Attractions, Events, Restuarants, Reviews Sat, 29 Aug 2009 22:13:38 -0500 http://wordpress.org/?v=2.8.2 hourly 1 http://annapolisguide.com/blog/2009/06/05/moving-to-annapolis-maryland-what-home-can-i-afford/comment-page-1/#comment-116 estielmo Fri, 05 Jun 2009 14:51:50 +0000 http://annapolisguide.com/blog/2009/06/05/moving-to-annapolis-maryland-what-home-can-i-afford/#comment-116 Never spend the outside maximum limit that you can possibly get. Tomorrow has no guarantees, except higher taxes and insurance and unexpected expenses. IMHO, you can afford about $1500 mortgage (with taxes/insurance included). I wouldn't put the maximum down, experts say you should have six months salary in firm reserve. Then you need "normal" savings and splurge money. I'd say you have about 70,000 to put down. I'd lower my shopping range to 200,000. That should put the home within reach and not leave you cash-poor. Never spend the outside maximum limit that you can possibly get. Tomorrow has no guarantees, except higher taxes and insurance and unexpected expenses.
IMHO, you can afford about $1500 mortgage (with taxes/insurance included). I wouldn’t put the maximum down, experts say you should have six months salary in firm reserve. Then you need “normal” savings and splurge money.
I’d say you have about 70,000 to put down. I’d lower my shopping range to 200,000. That should put the home within reach and not leave you cash-poor.

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