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What % of your take home income goes to your mortgage?
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Anonymous
| 12% (we live way below our means) |
Anonymous
| 27% after fully funding 401k, healthcare deductions and taxes. The mortgage includes taxes and insurance. |
Anonymous
| 35% not counting quarterly bonuses (which add up to at least another 50% of salary). |
Anonymous
|
50% of net salary, but less if you count total income.
Still, much higher than I thought I could ever tolerate... |
Anonymous
| 29% |
Anonymous
| 28%. I am happy with this figure. |
Anonymous
| 10 percent of take-home pay. No debt apart from mortgage. |
Anonymous
| 7.1% of take-home. Only debt. |
Anonymous
| Seriously, you 10% and 7% people are impressive (I mean it!). Tell me more?! I am the one that posted about the book "Stop Acting Rich" I think I could learn from you both. |
Anonymous
| PITI is 32%. Net is after all FSA and 401k deductions. No other debt. |
Anonymous
I am the 10 percent PP. I am an economist (300k) and Dh is an engineer (130k). When we got married, we both agreed that we should be able to live comfortably on a single salary (the lower of the two salaries). This determined our decision to buy a house around 600k in the early 2000s. Since then, most of my colleagues have upgraded to more expensive houses, but I refuse to...I value my freedom to do my job because I like it, not because I have to pay a mortgage. |
Anonymous
|
23
23% |
Anonymous
I agree! In this area? That's amazing. Our take home is $7000/month after 401K contributions. 10% of that would be $700. How in the world can you have a mortgage around here for that?? Either these posters have bought their houses years ago, or they're making waaaay more money that me! Either way, that's great! |
Anonymous
That's fantastic. Can I pick your brain a bit, as an Economist? HHI about 950K but could change (down). One income. Potential of my income (wife) about 250K (what I made when I stopped working a few years ago). Mortgage, to me, seems out of line. It is 17K (including taxes/insurance, etc.). Thoughts? We also do private school (sigh). Otherwise, we save a reasonable amount (have a bit over 1M in equity in our current home and 1m in savings) we are 40 years old. |
Anonymous
|
Hah. I'm the 7%. Our take home is 90k -- yes, our mortgage is under 1k. We bought a smaller home and saved a lot of money to do so. We live frugally.
I did not include tax/insurance in that as we self-pay those rather than having it taken out every month. |