Recently turned 25 and bought a condo in a very small HOA in a high to medium cost of living area. I’m walking distance from a commuter rail in a decent area. It’s very modest. I just feel anxious about the whole situation and if I made the right call. Prior to purchasing I had 77k in savings and put down 20% on the condo. Then right after needed a new car. (Got a Camry I plan on driving forever)
My new situation:
80k salary plus 4k bonus
17k cash savings
27k car loan
45k in 401k
196k mortgage at 5.875%
Roommate splitting with me.
I know it’s a big life decision but I feel like I could have potentially put myself off track with big repairs, homeownership, having a car payment now, etc. Feel like maybe I should have held off longer to increase my savings more and buy my car cash