We have about $2200 PITI and $350 condo fee--so $2550 total. Income was about $200k when we bought 9 years ago and is closer to $400k now, and of course condo fee is higher now than it was.

I know we can afford more but I can't wrap my head around the $6500 payment that someone else with a similar income on this thread mentioned. I like not having to think too hard about money, and while we could make a payment that high we'd have to watch everything else. Not worth the tradeoff for me but I can see why it would be for someone else.

Anonymous wrote:$3,750, HHI $265K. Thought our payments were pretty low but I guess not compared to other PPs

Pretty similar: $4,250 and HHI $270K. Ours is a 15-year mortgage.

Anonymous wrote:

Anonymous wrote:OP it's impossible to gauge what you can afford by crowdsourcing what others are doing. No two financial situations are the same. Someone could also be paying 100k in private schools/nanny/daycare, or 25k a year in student loans, or paying off a car etc.

Yes we all know that. This isn’t the full detailed picture but it’s a picture.

OP didn't even ask about HHI. Just listing the mortgage amount alone means absolutely nothing. Of course even with HHI it's not hte whole picture, but it at least gives some context.

$7500/month. We make $650-750k HHI in stable jobs. No other big debts, our nanny years are over and kids go to a great public school.

$2014 a month on a household income of $180,000

Anonymous wrote:OP it's impossible to gauge what you can afford by crowdsourcing what others are doing. No two financial situations are the same. Someone could also be paying 100k in private schools/nanny/daycare, or 25k a year in student loans, or paying off a car etc.

Yes we all know that. This isn’t the full detailed picture but it’s a picture.

$3000 PITI

$220k hhi

OP it's impossible to gauge what you can afford by crowdsourcing what others are doing. No two financial situations are the same. Someone could also be paying 100k in private schools/nanny/daycare, or 25k a year in student loans, or paying off a car etc.

Anonymous wrote:Wow. I am a new poster and these seem so low. We currently pay $3200 (including Insurance and tax). We have 12 years left.

We are looking for a bigger home and expecting the monthly payment to double to $6500.

Combined we earn $350K.

It depends on your interest rate, taxes, insurance and your house cost. You probably bought a more expensive house.

$3700, evenly split 50/50 between PI and TI.
350k HHI

PITI $2,700 on a $407K home with 3.5% down and $150K joint income. No debt.

$4000 PITI, $265k HHI. SFH, bought this year for $850k.

$1200, maybe less but we have refinanced and recasted and almost paid it off. We pay $2K but a good chunk goes into principal.

$3,750, HHI $265K. Thought our payments were pretty low but I guess not compared to other PPs

$4600 total. Bought in 2014, no refinancing. It was a stretch when we bought it, but it’s now very comfortable for us. I have sympathy for current buyers.