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Reply to "found a perfect house but PITI would be 25 percent of our monthly gross income."
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[quote=Anonymous]25% would be really good but also kind of depends on your other expenses. If you do a google search for PITI ratio or ideal PITI ratio, links will come up saying that 28% is the ideal percentage. I've since decided that that's not applicable to the DC metro area due to how high the home prices are. Some of it might depend on what you're looking for or want too. If you're able to do it that would be great though. The main thing is that you want to make sure you have money left over at the end of the month after paying all of the bills.[/quote]
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