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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]We live comfortably on $170K and a $560K mortgage in close-in Bethesda, but our rate is low ($3K PITI). We max out 401K, save 20% of our net income and still have money for good food, family vacations, enrichment activities for kids, camps, etc. We don't feel strapped or overextended. But we could never afford private schools, expensive cars, European vacations, major home projects, or other extras. We do think about money more than I'd like, but mostly we're at peace. It really depends on your priorities.[/quote]
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