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Reply to "What percentage of your take home do you spend on your mortgage & tax every month? "
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[quote=Anonymous]This thread is making me feel so much better. We recently moved to a bigger house and increased our PITI by about $1100, bringing us to spending 25% of our net whereas in our old house we were spending maybe 15% of net on PITI, especially since we refinanced last year. I was worried about going back up to 25% but it sounds like that is considered average. We definitely ran numbers and didn't make the purchase until we knew we could comfortably afford it and had enough savings built in (plus we made some money on the sale of our old house) but still, it's always a little scary when a major expense goes up like that. [/quote]
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