I’ve lived in my home for 16 years. It was our first home and it’s 1657sq feet which is a little small for our family. It was $160,000 with 3.75%. With my 100% and no property taxes I pay $950 a month. We also owe $108,000.

    We are contemplating a new home that is $550,000 and 3k sq feet. The mortgage rate is 5.76%.

    I get 100% va disability and we bring in about $$8,000 a month. With a big down payment down the sell of our home we can get the payment to $1,800 a month.

    Question: is it worth the increase in rent for a bigger and newer house?

    Advice (should I buy a new home)
    byu/Organic-Blueberry102 inMilitaryFinance



    Posted by Organic-Blueberry102

    1 Comment

    1. $1800 should a reasonable monthly mortgage payment on $8000/month income. Are you on track with your other financial goals? Does it fit in your current budget?

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