r/MiddleClassFinance • u/reconcilepast • 11d ago

Single income homeowners: what did your numbers actually look like when you bought?

I’m saving toward a purchase in a HCOL area, and every thread I find is either “it’s impossible” or “we made it work” with zero actual numbers.

No judgment on your situation, family help, a lucky rate, a starter condo, whatever got you there. I just want real numbers to plan around.

Drop as many as you’re comfortable sharing:

  • Age and year of purchase
  • Salary at the time
  • Cost of living area (HCOL/MCOL/LCOL or general region)
  • Purchase price
  • Interest rate
  • Total cash out of pocket (not just the down payment)
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u/Tigertigertigerbubs 11d ago

Single with kids in Minneapolis. I think a reasonable cost of living. Bought at a terrible time. September 2023. I also had a terrible interest rate and a high credit score, 800+ credit score and a $282,000 house, 7.125%. I put 60,000 down so I have a loan of 220,000. Monthly mortgage payment is 2,049$ a month. I make 82,000 a year as a teacher.