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Reply to "Anyone at $330K HHI have a mortgage that is $4900/month (37% of net pay / 17% of gross)?"
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[quote=Anonymous]OP here again. I posted this question several months ago, and some responders said it was do-able to have a mortgage of $4900/month (with $330K HHI), and others warned that it would leave us feeling house poor and cash strapped. We've been looking for houses in a lower price range, but didn't find anything worth moving to. Now a house has come onto the market that would be a good fit for us (within our school district and with more space and a street with nice trees and no cut-through traffic.) I really want to bid on the house, and DH is a bit reluctant, but OK too. Any more thoughts from people with an HHI of $330K (two full-time working parents)? The mortgage would be $850K – which would be 37% of net pay (and 17% of gross pay). Thank you![/quote]
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