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Real Estate
Reply to "HHI for $700K house?"
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[quote=Anonymous]We make around $180k and bought 2 years ago for $580K. Put 20% down. Our monthly PITI is right around $2600, which is 25% of our take-home. Honestly we would be feeling really flush, except that we are also paying $2500/month in child care (we have 2 kids and have a nanny). We will only be in this situation for 6 more months and then our childcare goes down to $400/month for extended day (both kids), plus whatever we do for the summers (more expensive but still only about half what we pay now, and only for 8 weeks). We've still put money in savings, we've managed to pay off DH's student loan, we've taken some decent vacations--but I'm starting to feel like things are a bit tight. By which I'm saying, think long and hard about those child care costs and how much longer you're going to have them. I do not think we could pay upwards of $3k a month for our mortgage. [/quote]
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