Looking for some outside perspective on a home decision.
We're around ~$180k household income, married, about $2k/ month in car payments, but otherwise no real debt.
Both of us work from home and we've kind of outgrown our current place. Biggest issue is not having proper office space. We're basically working out of shared areas right now and it's getting old.
The house we're looking at would put us around $3,400-$3,700/month all-in. Loan is coming in around 5.25% on a 30-year and seems pretty competitive compared to a few other quotes we got.
On paper it feels fine, but just wanted to sanity check. Does that sound comfortable long-term or are we starting to push it?
Update
Currently have 185k in the market that is liquid to pay off vehicles, but is currently outperforming the lower interest rates of 1.9% and 4.0%. Clearly that makes a difference and this is the reason we haven't paid the vehicles off at this point.