Am I in an ok spot?
Just bought a 599k house. 400k in savings - 20% down payment. I make around ~150k. Mortgage is $3900, health insurance @815, car payment $600.
Wife will be returning to work in 2-3 years, benefits would include health insurance - helping ease that payment.
Car would be paid off by then too.
Just seeing if I’m in an ok spot until then? My math has it tight but doable depending on extra commission earned each month.
My thought is it’ll just be tight for the 2-3 years then I’ll be in a much better spot when my wife returns to work.
Edit:
$3900 includes tax and insurance.
My wife (medical leave) would have an income starting at 60k when she returns. Her job is saved for her.
Owned solar panels - electric is < $100 a month and the only other expense is internet at $75
For reasons I won’t get into we are also covered for any grocery expenses this year.
Again all of this is short term, once my wife returns to work I feel like we will be in a tenfold better spot. I just want to maybe find some words of encouragement that the next 3 years won’t be absolutely horrible 😂