$3,500

266k HHI; 3000/month; used to be almost 3500 but we refinanced. Also childcare for 2.

Piti-3,100 on a 25 yr mortagage

do you mean PITI or just principal/interest?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.

Your PMI was $1000 a month? I got quoted a PMI of 150ish on a 800k loan with 10percent down… of course they said the whole sheet is just an estimate. Am I in for a big surprise? Is PMI really usually that high?!

I bet it was a combo of lower loan balance, re-amortization, lower rate, and dropping PMI.

We refinanced from 3.625% on a $405k balance to 2.875% on a $405k and it was a reduction of about $275 per month. Huge.

Oops, 2.875% on a $378k balance.

Anonymous wrote:

Anonymous wrote:We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.

Your PMI was $1000 a month? I got quoted a PMI of 150ish on a 800k loan with 10percent down… of course they said the whole sheet is just an estimate. Am I in for a big surprise? Is PMI really usually that high?!

I bet it was a combo of lower loan balance, re-amortization, lower rate, and dropping PMI.

We refinanced from 3.625% on a $405k balance to 2.875% on a $405k and it was a reduction of about $275 per month. Huge.

Anonymous wrote:We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.

Your PMI was $1000 a month? I got quoted a PMI of 150ish on a 800k loan with 10percent down… of course they said the whole sheet is just an estimate. Am I in for a big surprise? Is PMI really usually that high?!

$3100. It's very comfortable, but we don't have kids.

We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.

Anonymous wrote:Our income is 260K. our monthly payments are 3500 including taxes and insurance. Not stressful at all, even with daycare payments.

We make 260k and our payment is 2,300 (taxes and insurance included). I would not go higher than 2,500. We have two kids in daycare and it is terrible.

$3650. Kids are in high school/college.

$700,000 mortgage. PITI of $3,650. HHI of $255,000.

At $270k. Just sold and was at $3200, now at $2400. I agree it depends on priorities and what else you have going on in life. You need to look at all your other expenses, too.

Ours was $3500. Since then we've refinanced and gotten raises and now our PITI is under 3k with a $500k HHI.

We looked at our rent + down payment savings and decided what we could afford based on that. It was tight for a few years when we had unexpected repairs but it worked out.

Our income is 260K. our monthly payments are 3500 including taxes and insurance. Not stressful at all, even with daycare payments.