Out of curiosity, what is your mortgage payment as a percentage of your gross HHI

[Anonymous]

10%

[Anonymous]

12% of gross.

[Anonymous]

13% of gross (includes taxes and insurance). When we bought, it was 15% of gross.

[Anonymous]

Anonymous wrote:

Anonymous wrote:27% with tax and insurance.

That seems like a lot, but we max 2 401Ks and have a dependant care account so that takes a lot out of pre-tax income.

the question was of GROSS HHI. That means before 401ks and dependent care and health insurance, taxes and anything else.

What sense does this make though? It doesn't really tell you anything about your budget.

[Anonymous]

Anonymous wrote:

Anonymous wrote:.0082%

We're frugal and bought much less than what we could afford.

you must be making a zillion each year or the math isn't right.

If your HHI is $1,000,000, you're paying $683 each month. Would you like to revise your response?

[Anonymous]

Anonymous wrote:
PITI:

19% gross

30% net

However, childcare is another 16% of net, which is why we are pretty cash strapped still.


Yep--when we bought, our mortgage (without escrow) was about $2400/month, and childcare was $2000/month. Unreal.

Mortgage is 17% of gross. Childcare is 20%. Also pretty cash strapped.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:27% with tax and insurance.

That seems like a lot, but we max 2 401Ks and have a dependant care account so that takes a lot out of pre-tax income.

the question was of GROSS HHI. That means before 401ks and dependent care and health insurance, taxes and anything else.

What sense does this make though? It doesn't really tell you anything about your budget.

i agree. it would make sense to at least exclude taxes (but include retirement savings).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:.0082%

We're frugal and bought much less than what we could afford.

you must be making a zillion each year or the math isn't right.

If your HHI is $1,000,000, you're paying $683 each month. Would you like to revise your response?

well, that would be 0.07%. you're HHI would have to be $10million for it to even get close to the percentage in your original message.

[Anonymous]

Actually, we're both wrong. 1% of $10 million is $100,000. .0082% of $10 million is $820, or less that $70 per month.

[Anonymous]

12%.

[Anonymous]

15%. Includes taxes and insurance.

[Anonymous]

17.5% (including PITI)

[Anonymous]

22% with everything.

[Anonymous]

20% PITI of gross HHI.

[Anonymous]

18% of gross includes piti and hoa
Daycare is another 19% of gross. We are digging into savings.