Is this affordable for my income? First time home buyer seeking advice. Thank you

Looking for honest answers: First time home buyer purchasing a new build in California scheduled to close in August.

– Loan Estimate: https://imgur.com/a/zJE784x (~3,652$ if picture cannot be accessed)

—— +88$ HOA

– Gross income: 150k

– Put 5% down, and 3k earnest money deposit.

– Credit score 800+

– 340$/month debt (gone after 30 months)

ā€‹

Am I being optimistic thinking I can afford this? I greatly appreciate any input that is given, and I thank you for the time.

submitted by /u/KhounthiK
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Looking for honest answers: First time home buyer purchasing a new build in California scheduled to close in August. – Loan Estimate: https://imgur.com/a/zJE784x (~3,652$ if picture cannot be accessed) —— +88$ HOA – Gross income: 150k – Put 5% down, and 3k earnest money deposit. – Credit score 800+ – 340$/month debt (gone after 30 months) ā€‹ Am I being optimistic thinking I can afford this? I greatly appreciate any input that is given, and I thank you for the time. submitted by /u/KhounthiK [link] [comments]

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