@ramseyrealestate: What does a $400K mortgage actually cost per month? Not the $2,700 most people assume. It's closer to $3,200 once taxes and insurance are added in. Here's how the math actually works: Save $80,000 for a 20% down payment before you even look at a monthly number. On a 15-year fixed at 6%, principal and interest alone is about $2,700/month. Add property taxes and insurance and the real total lands around $3,200/month, before any HOA fees. To keep that at 25% of your take-home pay, you need to bring home $10,800/month, which is $130,000/year, just to cover principal and interest. The bank will approve you for a lot more than that. Don't let their number replace your plan. Stick to 25% and you'll have breathing room for everything else. @rachelcruze

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Thursday 20 August 2026 15:30:46 GMT

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dcsuniverse :

With taxes + ins included that $3,200 payment and using 25% of net take home pay, you would need $12,800 monthly NET income or roughly $220k yearly gross income. Kinda nuts when $400k is a starter home in many major cities.

2026-08-22 00:48:06

Ryan :

400K in today’s world is basically a “starter home”. Only people in the top 2% make 150K+ per year. Let alone that and have 80K+ saved up. 15 year mortgages are UNREALISTIC for the average American family.

2026-08-21 13:47:06

Maddenlove22 :

I’ll rent the rest of my life 😅 thank u

2026-08-21 03:39:47

user1666115663490 :

15 year mortgage is laughable. I cannot comprehend how the Ramsay folks continue to push that on people.

2026-08-21 03:20:40

brenda whittiker :

what about 140k??

2026-08-21 12:30:07

Matt :

I would LOVE a similar video to this but for us Californians. Any gameplan tips? Southern California specifically. HOAs are insanely expensive for condos and townhomes.

2026-08-20 23:10:08

Matt Carpenter :

😳

2026-08-21 02:13:46

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