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Reply to "600k-700k HHI, what PITI do you have? "
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[quote=Anonymous][quote=Anonymous]This is OP. Not sure where I will find a $3k PITI mortgage nowadays, unfortunately, in a close-in to DC area! We are looking at 8-10k PITI but that makes me a bit nervous. We have very stable jobs and don’t have any other debts but we do have childcare costs for two under 2. Planning on sending to public for elementary. Would this make others nervous? [/quote] If you are doing public schools then 8k -10k should be just fine. If you are doing to privates, then say goodbye to another 7-8k/mo, If you make 700k, at a minimum you should be pulling in net, 30 - 35k/mo after all deductions, 401k, etc If you spend 10k on your house you still have 20k+ to save and spend. With no private school, you should have no issues. You could save 10k a month and still have 10 - 15k to blow on life stuff.[/quote]
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