So my spouse needs to maneuver to the east coast from Colorado. We at the moment personal our residence in Colorado we purchased in 2019 for about 240k with a 2.5% rate of interest. After my spouse’s most cancers (leukemia that she is now in remission for) she determined she wished to maneuver nearer to household realizing it was essential. My household is from northern VA in order that’s the place she determined we must always transfer. I make about 100k a 12 months residing in Colorado however I’ve acquired a job supply with the identical firm (0 effort simply informed supervisor I’d wish to transfer) they provided me a wage of 130k in NOVA. My spouse makes about 40k working from residence. So largely I am questioning what sort of home I can moderately afford to purchase in VA? She is taking a look at houses largely within the 700k vary, however I really feel like we are able to solely afford that if we promote our home in Colorado and use that to fund the downpayment within the subsequent home (we have now entry to 2 VA loans). She appears to suppose we will likely be okay not promoting the house and renting it on my wage alone and a 700k+~ home, simply usually want recommendation. We’ve 0 different debt and our complete month-to-month bills (with daycare, and present mortgage) is about 2600.
