How much debt is it okay to go in?

@lookingforward said:

60k is 5k/month, roughly 3500 after taxes.

That’s 12 months—1 year. That’s not my figure, that’s @lookingforward’s. I personally was surprised to hear that @lookingforward set it all to 1 year of payments.

Now with the 120k number…where are you getting that from? I’d need 60k in loans, it seemed like you understood that earlier.