Anonymous wrote:.0082%

We're frugal and bought much less than what we could afford.

you must be making a zillion each year or the math isn't right.

.0082%

We're frugal and bought much less than what we could afford.

Payment is 14% of gross HHI.

13% of gross. But why measure against gross income?

Anonymous wrote:PITI:

19% gross

30% net

However, childcare is another 16% of net, which is why we are pretty cash strapped still.

Yep--when we bought, our mortgage (without escrow) was about $2400/month, and childcare was $2000/month. Unreal.

probably around 25% to 30%. It is tough, but we manage.

28% PITI.

15% (this includes taxes and escrow)

9.56%

(Man people are all over the place )

6% of gross for just the payment, 18% of gross for payment +taxes+extra payment.

PITI:

19% gross

30% net

However, childcare is another 16% of net, which is why we are pretty cash strapped still.

18 percent of gross.

Our mortgage payment is low, but so is our HHI.

Actually I don't think it's low. I think we do great, but it's less than $100k which many people on this board think is abject poverty.

Anonymous wrote:27% with tax and insurance.

That seems like a lot, but we max 2 401Ks and have a dependant care account so that takes a lot out of pre-tax income.

the question was of GROSS HHI. That means before 401ks and dependent care and health insurance, taxes and anything else.

Anonymous wrote:7% of gross

Me too. No mortgage, this is just insurance & taxes.

7% gross