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Reply to "Mortgage Payment on 200K salary?"
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[quote=Anonymous]OP, this really depends on what other things you want in life. I figured out what we want out of life first and then decided how much to spend on a house. Do a budget and fill in the spot for a mortgage payment last. For us, we bring home about $10k per month and have a $2400 PITI. Childcare is at $1600 for two kids. No other debt. If I wanted to cut the vacation budget and college savings I could have gone up to $4k for PITI, but a house isn't as important to me as experiences and the future. We purchased for $550,000 and put 25% down (which we saved over 5 years).[/quote]
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