Looks like PITI is 22% of our gross. And we're not close-in -we're in western fairfax. We make pretty close to the Fairfax County median income and our house, which we bought last year, is on the cheap side for SFHs in the burbs. We just wanted a house with a yard in a neighborhood with decent amenities. We were just lucky that we were able to sell our previous property (bought in 2003) for a profit, or else we couldn't have afforded this modest property.

About 25% of net.

PITI 18% of gross. 2010 purchase close-in.

PITI = 13% of gross.

But that number was more like 17% when we first bought our house 2008. Our incomes have gone up and we've refinanced twice.

PITI is 9% gross. We bought last year. Bought way under what we were approved for (still in a close in suburb) but can comfotably afford a full time nanny which I care about way more than having an extra guest bedroom.

Mortgage ~12% of gross

PITI ~ 15% of gross

Took about 1/3 the mortgage the grifters in the mortgage industry told us we could have in '07.

Currently PITI is 13% of gross, although when we bought it was closer to 30% (we've refinanced and also make a lot more money). Our childcare expenses are about 21% of our gross HHI though so we need our housing expenses to be 'low'.

Anonymous wrote:Mortgage + Taxes + insurance = 28% of net (one salary, I currently SAH--no plans to go back to work any time soon)

Purchased in August 2006

PP here...I used net instead of gross because Dh is military and a large chunk (about 1/4) of his pay is housing allowance, which is not subject to tax.

Mortgage + Taxes + insurance = 28% of net (one salary, I currently SAH--no plans to go back to work any time soon)

Purchased in August 2006

PITI is 15% of our gross.

16%, PITI

Anonymous wrote:Why is anyone calculating it against gross? Net is the money you actually have to spend...

I think for one, it's because net vacillates throughout the year, it's not static. Also, in the larger scheme of things everyone's PITI v. gross is apples to apples in terms of measuring relative percentage; everyone's net is different, depending on the deductions one takes, local taxes they pay based on where they choose to live, what one contributes to retirement, etc.

Why is anyone calculating it against gross? Net is the money you actually have to spend...

13% of our gross

Anonymous wrote:What is PITI?

PITI = (mortgage) Principal, Interest, (real estate) Taxes, and (home) Insurance; i.e. everything that is rolled into your monthly payment to your mortgage lender, assuming you escrow for insurance and RE taxes.