If your HHI is 250k...how much is your monthly mortgage?

[Anonymous]

HHI 250k, Mortgage is $1000. Doesn't include taxes and insurance though because I pay those outside of escrow.

I think we'd be okay paying about 3k a month. We consider our low mortgage a form of life insurance. Either of us could easily pay it on one salary and it's a large home to raise our 3 kids in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.

Your PMI was $1000 a month? I got quoted a PMI of 150ish on a 800k loan with 10percent down… of course they said the whole sheet is just an estimate. Am I in for a big surprise? Is PMI really usually that high?!

No, our PMI was about $300 and with the lower interest rate from the refinance, we were able to lower our monthly payment by $700 and eliminate the $300 PMI. Total savings was 1k.

[Anonymous]

It was about $2K with insurance and taxes but after a refinance and recasting its maybe $1300.

[Anonymous]

2600

[Anonymous]

$3400 including taxes and insurance. 15 year mortgage, no college costs

[Anonymous]

$270 HHI
$2300 PITI

We are also paying $2k/month for private school though. If that expense were off the table I’d be comfortable going slightly higher.

[Anonymous]

$2700 PITI.

[Anonymous]

$2k including taxes.

HHI was lower when we originally bought. Now we are just north of $250k. The low mortgage allows us to travel and not worry about money. $3k would be do-able, but then we wouldn’t travel as much…and that wouldn’t be fun.

[Anonymous]

I think this depends with daycare costs and or other debts you have.. Of course spending habits matter too.

We have around 220k HHI and looking around 3500.

[Anonymous]

We stretched, 4600 PITI when we made 250K with two years of daycare left. It was very tight, particularly because our older home has needed near-continuous repairs, but now our income is 355K and it's comfortable. So take income projection into account.

[Anonymous]

Our HHI varies year to year but is generally in the neighborhood of $200k anymore, more or less. Our mortgage - including everything - is $2400/month.

[Anonymous]

Anonymous wrote:Our HHI varies year to year but is generally in the neighborhood of $200k anymore, more or less. Our mortgage - including everything - is $2400/month.

Very similar to me, except our mortgage all in is maybe 2000$ now after refinancing.

[Anonymous]

250k HHI

1900 PITI

We are behind on saving for college and would like to retire early, so small mortgage works best for us!

[Anonymous]

3200 PITI

[Anonymous]

2450 includes PITI