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Reply to "How much is your PITI if you earnn around $200k?"
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[quote=Anonymous]Of course, in addition to having outrageously high incomes, posters here are pretty conservative. After the latest financial crisis, banks came up with their own answer to your question: piti is no more than 28 percent of your gross income, and total debt payments including student loans no more than 36 percent. Under this, assuming no other debt, you would be approved for up to $4,666 monthly mortgage. Not saying yo SHOULD, just that you could. We live in an expensive real estate market. No shame in paying much of your income to mortgage. [/quote]
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