Reply to What's the minimum level of monthly income minus mortgage you'd feel comfortable with?

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[quote=Anonymous][quote=Anonymous]Besides $3000/mo for your mortgage, you're going to need at least $500/mo for food, $500/mo. for utilities (I have a SFH in bounds for Deal/Wilson - utilities are not cheap), $800/mo for property tax and insurance, and $500/mo for diapers and other basic living expenditures.  Then, plan to save $200/mo for regular home maintenance costs (again, SFH in NWDC are expensive to maintain), plus money for vacations and activities.

Will your employer cover 100% health insurance and deductibles, and retirement/pension? [/quote]

Thanks for the reply -- maybe we're talking at things differently! when I say $3k a month mortgage, that's including property tax withholding (and then we get back ~$500 per month at the end of the year in tax deductions). If I had $800 a month for property tax and insurance to think about, I'd just call that a $4k mortgage. So the number I'm talking about is "money to live on, minus mortgage + property tax + insurance" I guess.

Our utilities costs are really, really different, which is odd when you think about it (also in NWDC, also in bounds for Deal/Wilson)... Maybe it's because we're in a 1400 sqft townhome rather than SFH, but we're only spending about $150 a month on utilities. Didn't realize townhome vs SFH would make a significant difference.[/quote]

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