▲ 0 r/HomeLoans
Estimate loan for 4 buyers for one home.
In North NJ.
we all have 700+ credit score.
Dad makes 125k a year, mom makes 80k a year, brother makes 80k a year and I make 50k a year.
We all plan to contribute to the mortgage of the home and possibly pay it off early but realistically it is a retirement home for our parents until they pass and my brother and I do not plan to live there long term and realistically we sell when they do.
We’ve tried doing online calculators but was thinking let me ask reddit. Thank you for your time.
edit: we are each planning to put 20k down so 60k-80k total (depending if my parents put down individually or together)
u/iluvatlasm — 4 days ago