|
We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.
Ages: 39, 36 Kids: 5, 3 PITI: $6k HHI: $475k Retirement savings: $1.75 million Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings... Curious to see stats for others in our situation. |
| It’s 15% of your gross income. I’m not sure what you’re concerned about. |
| You are fine. You make a ton of money. |
Troll or clueless. |
+1 |
|
Our PITI is $4k which I think is still pretty high (compared to other numbers I see on here).
Ages: 32, 30 Kids: None PITI: $4k HHI: $265k Retirement savings: $400k |
+2 Very lame, OP. |
DMV collectively is HCOL! |
| 3.85 thru 11th grade |
...not everyone here is from the DMV |
| Our HHI is the same and our PITI is $3,900. This is very comfortable for us. I would not be comfortable with $6k even though we could technically ‘afford it’. I like going on nice vacations and saving for retirement and 529s too much. |
Which exurb do you live in |
Is this a 30 year mortgage or 15? |
|
HHI 550-600
33 & 30 6100 PITI 1.1M + between 401ks and Brokerage One kid on the way |
Then why post in a DMW focused forum? |