Can we Afford this House?
I've always been a frugal guy so I am weary about spending a million bucks on a house. It would be hard for me to spend that money even if I were a millionaire.
Together we net about 11600 a month in base salary. Estimated total house expenses (mortgage, property tax, water/heat, insurance) come out to be roughly 4500 monthly.
Am I crazy to think that we might be able to afford this home? By by the rental rule of 28% and 32% both seem to come out ok.