u/knishioner

Personally I just crossed the $6,000 mark after about 2.5 years, I plan on using the balance to recast/refinance my mortgage.

I didn't liquidate when we funded buying the house last August, and after rates got crazy with the Strait of Hormuz drama I'm not confident we can refinance. Current rate is 5.875%. Recasting is always an option and I don't like to carry high expenses.

My mortgage lender requires a 10% minimum contribution on the outstanding balance of the loan, so once I hit that amount (and assuming I can't refinance first), that's what I'll be using my account balance for.

Curious what other people are using their accounts for, whether its for fun, investing, saving, etc..

32M bought a house in August. The mortgage is $794k at 5.875%, income is about $220k ($185k + 20% bonus)

Mortgage: $4700/mo

Taxes: $1650/mo

Insurance: $500/mo

Total: $6,850/mo

DTI is 42%. I have no other debts at all.

I have a roommate paying $2500 a month to help cover the expenses, but I'd like to figure out if I can live here alone without relying on them. I max out my 401k but theoretically I could pare it back for a little, but I definitely feel house poor right now. I knew it would be painful for the first couple of years but I'm trying to figure how far away the light is at the end of the tunnel.

Curious if other people have similar circumstances that they can make work. Thanks yall