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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][quote=Anonymous]We pay $1600 on $300k, and are going up to $2600. That's excluding taxes (not sure if you are counting taxes?) which will bring us to $3300 or so if you include. We also have a childcare on the order of $50k per annum. I hate going up by $1,000 a month, but figure even a modest increase in comp can cover the incremental expenses. Your numbers would make me a bit nervous - that's just a massive increase. Frankly though, depends a lot on what you save too. We save about $30k in 401k, another $4000 a month in regular savings, have about $1.8M in assets (less mortgage) and no other debt, so $1,000 a month feels reasonable. Look at the whole picture of your finances (ages, 529 etc)[/quote] The other extreme is this poster. The ridiculous hand wringing over a 1k increase with 1.8 million. It is kind of nauseating and I make more than this poster. [/quote]
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