Lets calculate the monthly payment according to the San Diego county tax rates and local Carlsbad assessments (https://www.sdctreastax.com/ebpp3/Search.Aspx):
Lets use the CNN "Home Affordability" (http://cgi.money.cnn.com/tools/houseafford/houseafford.html) calculator to determine what annual gross income you need to afford this home with 20% down and having zero debt:
Final Analysis:
Your income should be $170,000 a year with no debt (best case). The thing that really hits home is even if you paid your home in full, your monthly payment is about $950.00 a month and will continue to grow. Thats scary! I'm keeping far away!
