I’m planning to buy my first home with my partner, and our calculations indicate that our monthly housing cost might increase by roughly $600. We are using the standard 28/36 debt-to-income guideline, which suggests we can manage this increase while still enjoying financial freedom. I’d love to hear from anyone who has made a similar transition. How did moving from renting to owning affect your monthly payments and overall budget?
Hey, I also faced a slight increase when switching from rent to mortgage, though it felt manageable over time. How did you and your partner plan for extra costs like maintenance? Would love to hear more about your budgeting tweaks!