Reply to Another how much PITI can we afford post

Forum Index » Money and Finances

Reply to "Another how much PITI can we afford post"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have similar stats as u with higher income $300k, more in our 3 kids 529s and retirement. Our PITI is $2500 and I can’t imagine doing more than that. We’re in PG county and our house is worth $600k (a little over $200k that what we purchase for). I have a 40 min metro commute to my DC office that I rarely go to.

Our kids go to private school, albeit more affordable Christian school, and do extracurriculars and we vacation every year.

Why would you spend that much when u can get what u need with less? Maybe expand the area where you’re looking?

[/quote]

Editing to add that we do have SFH with a nice sized yard and pretty much walking distance to school and metro and everything else we need.[/quote]

How is the commute to Alexandria from PG though? That's where DH works[/quote]

Less than an hour from mid-north PG, less if coming from south PG. I know this bc we have friends in Alexandria. You should drive it and check it out. Look into neighborhoods closer to the DC border, e.g., college park and south of that. [/quote]

Thanks... I don't think a Christian school works for my family though.

Also, if we have to pay for private for two kids, what's the difference vs just paying probably the same or less for a mortgage in a place with good public schools (ie 20k a year for tuition vs 20k a year for mortgage that becomes an asset in terms of equity)? I guess I'm not sure that's necessarily putting us on better financial ground?[/quote]

Oh, u don’t have to put your kids in private school, we’ve just always planned to wherever we lived. My point was we could afford to bc our PITI is low. None of our neighborhood friends (most with the same stats as us) have their kids in private school.

But also consider whether you can guarantee that your public schools is the best fit for your children. That’s not always the case, and it’s always good to have extra funds for either private school or to pay for other resources and services that ur kids might end up needing. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics