Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "found a perfect house but PITI would be 25 percent of our monthly gross income."
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]It depends on your actual income because you cannot compare 75% of 250K and 75% of 90K gross. If your gross is 90, that translates to 1.8K piti (25%) and leaves you with about 3.5 K net after taxes for all your other needs. On the other hand if your gross is 300K, then 25% is 6.26K (significantly higher) but you are also left with about 10K for all other needs. The situations are just significantly different to be able to apply a flat 25% of gross across the board for PITI.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
