Anonymous
Post 10/31/2022 06:41     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.



DMV collectively is HCOL!


...not everyone here is from the DMV


Then why post in a DMW focused forum?
Anonymous
Post 10/30/2022 22:36     Subject: Re:High PITI (5k+) only, what are your stats?
HHI 550-600

33 & 30

6100 PITI

1.1M + between 401ks and Brokerage

One kid on the way
Anonymous
Post 10/30/2022 19:45     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.


Is this a 30 year mortgage or 15?
Anonymous
Post 10/30/2022 19:38     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:Our HHI is the same and our PITI is $3,900. This is very comfortable for us. I would not be comfortable with $6k even though we could technically ‘afford it’. I like going on nice vacations and saving for retirement and 529s too much.


Which exurb do you live in
Anonymous
Post 10/30/2022 18:42     Subject: High PITI (5k+) only, what are your stats?
Our HHI is the same and our PITI is $3,900. This is very comfortable for us. I would not be comfortable with $6k even though we could technically ‘afford it’. I like going on nice vacations and saving for retirement and 529s too much.
Anonymous
Post 10/30/2022 17:26     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.



DMV collectively is HCOL!


...not everyone here is from the DMV
Anonymous
Post 10/30/2022 17:20     Subject: High PITI (5k+) only, what are your stats?
3.85 thru 11th grade
Anonymous
Post 10/30/2022 17:16     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.



DMV collectively is HCOL!
Anonymous
Post 10/30/2022 16:50     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.


Troll or clueless.


+1

+2
Very lame, OP.
Anonymous
Post 10/30/2022 15:20     Subject: Re:High PITI (5k+) only, what are your stats?
Our PITI is $4k which I think is still pretty high (compared to other numbers I see on here).
Ages: 32, 30
Kids: None
PITI: $4k
HHI: $265k
Retirement savings: $400k
Anonymous
Post 10/30/2022 15:15     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.


Troll or clueless.


+1
Anonymous
Post 10/30/2022 15:11     Subject: High PITI (5k+) only, what are your stats?
Anonymous wrote:We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.


Troll or clueless.
Anonymous
Post 10/30/2022 15:08     Subject: High PITI (5k+) only, what are your stats?
You are fine. You make a ton of money.
Anonymous
Post 10/30/2022 14:59     Subject: High PITI (5k+) only, what are your stats?
It’s 15% of your gross income. I’m not sure what you’re concerned about.
Anonymous
Post 10/30/2022 14:47     Subject: High PITI (5k+) only, what are your stats?
We live in HCOL area and have decided to prioritize location/schools and our monthly mortgage is a lot higher than we'd prefer.

Ages: 39, 36
Kids: 5, 3
PITI: $6k
HHI: $475k
Retirement savings: $1.75 million

Our financial advisor tells us we're doing fine but I hate seeing that mortgage payment going out every month. I tell myself it's forced savings...

Curious to see stats for others in our situation.