Am I in over my head?

Currently single guy closing on a 3b2b home in Phoenix, Arizona. I have almost no other bills (no other debt, work pays for healthcare.) Hobbies are distance running so low expenses there too. Do the numbers below make sense?

Home price: 430k

Mortgage: $2400 a mo, 30yr fixed, VA

Rate: 5.125%

Income: $118k a year

Savings left in reserves: Approx $30k

Down payment: N/A – No down payment or PMI

It’s a decent home in a quiet neighborhood close to work (biggest priorities.) I’m getting transferred for work and will own the home for at least 5-10 years. I just don’t want to be “house poor” because I got what I wanted.

submitted by /u/bbjackson
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Currently single guy closing on a 3b2b home in Phoenix, Arizona. I have almost no other bills (no other debt, work pays for healthcare.) Hobbies are distance running so low expenses there too. Do the numbers below make sense? Home price: 430k Mortgage: $2400 a mo, 30yr fixed, VA Rate: 5.125% Income: $118k a year Savings left in reserves: Approx $30k Down payment: N/A – No down payment or PMI It’s a decent home in a quiet neighborhood close to work (biggest priorities.) I’m getting transferred for work and will own the home for at least 5-10 years. I just don’t want to be “house poor” because I got what I wanted. submitted by /u/bbjackson [link] [comments]

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