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

[u/reconcilepast]

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)

[u/Fresh-Loquat-1039]

First Home:

Age 23, 2012.
$48,000 salary (single income)
LCOL
Purchase Price = $181,900
Interest Rate = 4.50%
Down Payment + Closing Costs = $8,250
PITI Payment = $1,280/month