What is your PITI and HHI?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI is $800,000
PITI: 9,000 (ugh - bought 2 years ago)

We are trying to get the PITI down by paying off lump sums of the principal on an annual basis. Hopefully we can eventually recast.

Wow -do you have many other financial obligations? That seems insane

This comment stuck me because we're contemplating a similar scenario, although our HHI is $700. I keep thinking we can do it comfortably, but maybe I need to rethink.....

NP here. HHI also at 700k and our PITI is at 11.5k. We have other financial obligations (nanny and daycare) that amounts to about $85k a year. It’s a little tight but not to the point where we’re budgeting. We still manage to max out 401ks, contribute to 529s, saved additional 50k on top of those. We expect either costs of childcare to go down significantly in a few years. If our income rises then we may consider private school but don’t mind the publics here of course.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI is $800,000
PITI: 9,000 (ugh - bought 2 years ago)

We are trying to get the PITI down by paying off lump sums of the principal on an annual basis. Hopefully we can eventually recast.

Wow -do you have many other financial obligations? That seems insane

This comment stuck me because we're contemplating a similar scenario, although our HHI is $700. I keep thinking we can do it comfortably, but maybe I need to rethink.....

NP here. HHI also at 700k and our PITI is at 11.5k. We have other financial obligations (nanny and daycare) that amounts to about $85k a year. It’s a little tight but not to the point where we’re budgeting. We still manage to max out 401ks, contribute to 529s, saved additional 50k on top of those. We expect either costs of childcare to go down significantly in a few years. If our income rises then we may consider private school but don’t mind the publics here of course.

sorry just to add, our interest rate is 6.25%, bought in 2023.

[Anonymous]

HHI is $1.2m and PITI is $23k. Not my idea to take on this big of a mortgage mortgage, but my spouse is a spender, so if it wasn't going to PITI it would go somewhere else. Fortunately, we still have plenty in investments and a year’s worth of expenses including PITI in cash equivalents to see us through a catastrophe.