Reply to What monthly PITI would you be comfortable with?

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[quote=Anonymous][quote=Anonymous]op here.  yikes, can we all just get along?  Before i posted this thread, I too thought that about  1/3 of net would be a good safe amount for PITI...

so in my circumstance, PITI would be about 2700-2800 bucks.

I am going to have to stretch my budget a little bit to get into a house that I want.

So would everyone agree that a 2700-2800 PITI would be ok on my income? (even if my mother in law stops watching our kid and we have daycare expenses)[/quote]

It all depends on how much you want to pay for childcare.

Also, do you have an emergency fund set aside for after the home purchase. Things break and repairs always seem to be $1,000+.

Our net is $9,600, piti is $2,000. Seems to be manageable, right? Except childcare is about $2,800 a month (kids are 2 and 3). One car became unreliable, so that's $500. It really does add up quickly if you have to pay childcare or have large unexpected expenses. Once the kids get into ES, I would feel comfortable going to $3,000. [/quote]

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