Trust math, not our words
Example: Depending on the price of a house for purchase $400,000
A $20,000 down payment for 30 years with a 3.5 interest rate.
Home taxes amount to $4,000 annually And home insurance
costs $1,000 annually And PMI is 0.5% a year.
The salary is $8000 and they have a vehicle loan ($600),
a home loan ($2281.37), and operating daily expenses of $3900 per week.