Submitted by PopNo5397 t3_107so0q in Washington
doktorhladnjak t1_j3wnxqv wrote
With an income of $70k, your mortgage should generally not be more than $2k per month (about 35% of your income).
Assuming a 30 year fixed loan at 6.5%, that translates to borrowing about $320k. With a $170k down payment that adds up to $490k. Pretty much absolute max, but could be less if you have other debts or expenses.
You can definitely find a homes in western Washington for that amount.
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