Reply to 600k-700k HHI, what PITI do you have?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If your HHI is 600-700k (and projected to increase, unknown by how much, as depends on how ambitious we want to be), what PITI do you have / what would you feel comfortable with? (Assuming no family money assistance). Thanks![/quote]

$4,500, but we got lucky with interest rate timing.

Would be comfortable going up to $6K PITI.

Could theoretically go higher, but would require cutting back on vacations or other expenses.

Also would leave us vulnerable in the event of job loss or sudden income change.[/quote]

Our income is 760 and PITI is 5500. Given our current trajectories I expect it will increase to over 1 million over the next four years - by the time we’re 40 - but not sure how much it will climb after that…Given that neither of us is in a revenue generating part of a business we will have to be very driven and lucky to get beyond 650 for DH and 550 for me. With interest rates where they are and childcare expenses for three young kids I would not move for another decade. Not sure what PITI would be comfortable then though. [/quote]

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