9% of gross for our PITI. Our income has doubled since we bought 10 years ago. That amount allows us to travel and save towards our goals, and we like our neighborhood and schools. We could afford a lot more house, but then the increased expenses associated with it would suck. Like bigger utilities, cleaning, yard work, maintenance.

PITI is about 8% of gross and 13% of net. We bought 13 years ago when income was about 1/3 of what it is now.

Our is about 10% of gross now, but when we first got it, it was closer to 30% of gross, not including bonus, which varied too much to count on.

Anonymous wrote:

Anonymous wrote:Only like 10% of our gross goes toward our mortgage. We bought a $700,000 house and make $550,000 per year.

How much down payment vs mortgaged? Just curious.

I think our mortgage is like $500,000 now? We have had our house for 7 years. We put 10% down.

We have two houses. Combined mortgages are roughly 36% of net, about 21% of gross.

Anonymous wrote:Wow, did all of you buy 20 years ago? We have a reasonably priced house, make $250k, and are at 18% of gross which fits in our budget very comfortably.

Bought in 2017 in our mid 30s. Our HHI has increased by about 50% since we bought our house. When we bought the home, our mortgage was closer to 30% of gross. We've also refinanced 3x which keeps driving down our PITI. We continue paying the same amount each month, but the extra is now going toward principle.

Anonymous wrote:I know GROSS is what everyone looks at, but I think looking at NET is what you should be looking at if budgeting on a month to month basis. We NET $15K a month, mortgage + taxes and insurance is right at $5K. Our GROSS is probably closer to $30K but we max 401K plus catch up contributions, and we withhold "0".

Net though is highly dependent on personal choices as you kind of implied. My net changes a lot based on things like health, education and retirement accounts, tax issues, etc.

Gross in my opinion is far more easily comparable across households. For me PITI is 21% of gross.

Anonymous wrote:Wow, did all of you buy 20 years ago? We have a reasonably priced house, make $250k, and are at 18% of gross which fits in our budget very comfortably.

No. We bought the cheapest house in the best neighborhood we could afford, sold for $$$$$ and moved to a (formerly) cheaper area, which is also becoming expensive. It was dumb luck and good timing.

monthly, one of my husband's paychecks goes towards PITI (he makes about 2.5 times what I do). This is since our refi last year that rolled over an old home equity loan and cash out for renovations we had done through 2021.

I think our combined income is now $170k-ish?

6% gross or 15% of net of base pay. H gets approx. half of his income from commissions and bonus, but it is variable and not guaranteed so we don't count that.

Wow, did all of you buy 20 years ago? We have a reasonably priced house, make $250k, and are at 18% of gross which fits in our budget very comfortably.

6% of gross.

We have a small mortgage- 1k a month plus PITI that we pay separately. We consider it life insurance in case something happens to one of us. It's a 900k house, but we only owe 250k on it. We refinanced and didn't take money out.

Anonymous wrote:Only like 10% of our gross goes toward our mortgage. We bought a $700,000 house and make $550,000 per year.

How much down payment vs mortgaged? Just curious.

About 10% of gross. But about 200-250k of gross income each year comes in bonuses. We wanted to keep monthlies reasonable.

17% of gross.

24% of net.