How far does your money go?
Income and savings in — the best real home they buy in 8 US cities out. Taxes, insurance, and the down payment you can actually make.
$2,800/mo housing budget (28% rule) · your $60K goes toward the down payment (5% lender minimum, PMI added under 20%) · 6.4% mortgage · real taxes & insurance per home
Needs $150K/yrNew York City, NY
3 bd · 2 ba · 1,100 sqft · Concourse
$400,000
Needs $150K/yrMiami, FL
6 bd · 3 ba · 2,147 sqft · Coral Way
$450,000
Needs $192K/yrSan Diego, CA
4 bd · 2 ba · 1,200 sqft · Mountain View
$599,000
In budgetAustin, TX
4 bd · 3 ba · 1,486 sqft · Rogers Hill
$360,000
In budgetChicago, IL
3 bd · 1 ba · 1,850 sqft · West Englewood
$350,000
In budgetCharlotte, NC
4 bd · 4 ba · 2,786 sqft · Charlotte
$385,000
In budgetBoston, MA
1 bd · 1 ba · 725 sqft · Charlestown
$400,000
Needs $177K/yrCharleston, SC
3 bd · 2 ba · 1,522 sqft · Mount Pleasant
$610,000
That money buys 4× more house in Charlotte than in Boston.
