I think I need a reality check for thinking this is doable. We have the opportunity to buy a home in my dream community, where houses rarely come up for sale, for $1.5 mil.
We have 900k in cash (we were planning to build a home so had money for that but that’s another story). Our HHI income is 300k. Last year my husband got a 175k bonus, but the year before was 75k, so we are not factoring that into our yearly income since it’s so variable. We don’t have any other debt. We have two children that stay at home with me, but the first will go to school in a couple years.
I’m thinking we would put 750k down and get a 750k mortgage. This community has its own fees, but they are rolled into the property taxes so the home’s property taxes for 2026 are 19k.
I would love to make this work, but my brain sees all these giant numbers and kind of short circuits. I’m torn because we could buy a home elsewhere, but genuinely this community is the only place I want to live. Anywhere else would feel like putting all of our money toward just settling. Should I put this house out of my mind?