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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Assuming your mortgage is actually PITI and using 28% of gross as the maximum you want to stay under, that puts you at needing a HHI of 240k. With your RSU you will be well over that. Given your other debts and obligations (child support, CC payment and student loans) are pretty small relative to your income means 28% is probably doable. The DCmum crowd will scream, but a portion of your major expense is actually building you equity so the mortgage payment is not completely lost.

That said, if you are moving from a mortgage payment that was about 14% of the gross HHI to 28%, plus all the bills, you are going to have to start budgeting.[/quote]

You are advocating that someone who is newly divorced, with credit card debt, student loans and child support obligations to continue on with a mortgage that is nearly 5 times his or her salary, because in 2 years s/he'll receive RSUs that maybe bring the mortgage closer to 4x his or her salary?

That is, frankly, crazy.   [/quote]

Yes that is exactly what I am advocating. The total DTI ratio, including the child support costs, is currently 37%. Almost all the debit is not related to deprecating assets like a car or CC debit, so it is the least bad type of debt. While a DTI ratio of 37% is higher than I would like to see, it is not panic worthy outside the DCum crowd. Knowing where the CC debit came from, having a strong desire to stay in the current home and having a known future increase in salary means it is definitely worth trying to make ends meet for a while.[/quote]

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