I am buying a house for $850,000 in California. I want to put $730,000 down. I sold old house for $1,300,000 and owed $850,000. I want to retire in 3-5 years. I am 55 years old and make about $170,000 a year along with my wife who makes about $70,000 and puts half away for taxes. I claim married and 9 at this time.
You can keep your house payments low by putting as much down as possible before taking out a loan.
Unfortunately, not much can be done about the taxes on the property, but you can shop around for insurance in order to keep that expense as low as possible.
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