Anonymous
Post 09/07/2016 08:43     Subject: How much is your PITI if you earnn around $200k?
$250,000 income and PITI around $3500. One in private school, no debt, grandparents funding college.
Anonymous
Post 09/07/2016 08:40     Subject: How much is your PITI if you earnn around $200k?
Anonymous wrote:We did 3800 without issues but we don't have other debt and have two kids


Hhi?
Anonymous
Post 09/07/2016 08:27     Subject: How much is your PITI if you earnn around $200k?
We did 3800 without issues but we don't have other debt and have two kids
Anonymous
Post 09/07/2016 08:26     Subject: Re:How much is your PITI if you earnn around $200k?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We're around $175k HHI and have a mortgage of $2200. We are looking to buy a SFH in the next couple of years and only expect a small increase in salary between now and then. We're trying not to go higher than $2800/month and even that wouldn't leave us a ton of wiggle room in our budget (we have kids, though). I could almost imagine doing 3000/month but beyond that, I honestly don't know where the money would come from.


You should be taking home $10k/month. A $3k mortgage should be fine unless you have high student loans or something.


I make about 50k more and don't take home that much after taxes, health care, 401k.


We're at $220k and our monthly take home is just under 10k (after taxes, health care, 401k).


My guess is the family that takes home less lives in DC.
Anonymous
Post 09/07/2016 08:16     Subject: Re:How much is your PITI if you earnn around $200k?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We're around $175k HHI and have a mortgage of $2200. We are looking to buy a SFH in the next couple of years and only expect a small increase in salary between now and then. We're trying not to go higher than $2800/month and even that wouldn't leave us a ton of wiggle room in our budget (we have kids, though). I could almost imagine doing 3000/month but beyond that, I honestly don't know where the money would come from.


You should be taking home $10k/month. A $3k mortgage should be fine unless you have high student loans or something.


I make about 50k more and don't take home that much after taxes, health care, 401k.


We're at $220k and our monthly take home is just under 10k (after taxes, health care, 401k).
Anonymous
Post 09/07/2016 08:03     Subject: Re:How much is your PITI if you earnn around $200k?
We live in DC, have a HHI of $220k, two kids in daycare so monthly daycare costs are $3k a month. We will only have that payment for two years.

Our PITI is $3300 a month.

It's tight, but doable.
Anonymous
Post 09/07/2016 07:56     Subject: Re:How much is your PITI if you earnn around $200k?
Anonymous wrote:
Anonymous wrote:We're around $175k HHI and have a mortgage of $2200. We are looking to buy a SFH in the next couple of years and only expect a small increase in salary between now and then. We're trying not to go higher than $2800/month and even that wouldn't leave us a ton of wiggle room in our budget (we have kids, though). I could almost imagine doing 3000/month but beyond that, I honestly don't know where the money would come from.


You should be taking home $10k/month. A $3k mortgage should be fine unless you have high student loans or something.


I make about 50k more and don't take home that much after taxes, health care, 401k.
Anonymous
Post 09/06/2016 22:07     Subject: Re:How much is your PITI if you earnn around $200k?
Anonymous wrote:We're around $175k HHI and have a mortgage of $2200. We are looking to buy a SFH in the next couple of years and only expect a small increase in salary between now and then. We're trying not to go higher than $2800/month and even that wouldn't leave us a ton of wiggle room in our budget (we have kids, though). I could almost imagine doing 3000/month but beyond that, I honestly don't know where the money would come from.


You should be taking home $10k/month. A $3k mortgage should be fine unless you have high student loans or something.
Anonymous
Post 09/06/2016 22:04     Subject: Re:How much is your PITI if you earnn around $200k?
We're around $175k HHI and have a mortgage of $2200. We are looking to buy a SFH in the next couple of years and only expect a small increase in salary between now and then. We're trying not to go higher than $2800/month and even that wouldn't leave us a ton of wiggle room in our budget (we have kids, though). I could almost imagine doing 3000/month but beyond that, I honestly don't know where the money would come from.
Anonymous
Post 09/06/2016 14:13     Subject: Re:How much is your PITI if you earnn around $200k?
Base income of $205,000 and an additional $13,500 - $25,000 in bonuses. Our PITI is $3,100 a month, and I feel like it is too much. We pay $1050 for part-time child care for our son, and are expecting DS #2 in March. We don't have any other debt. We fully fund retirement but haven't been saving aggressively for college yet.
Anonymous
Post 09/06/2016 10:22     Subject: How much is your PITI if you earnn around $200k?
210 income
PITI is 2400
Three kids in daycare/aftercare for a total of about $2900/month
One newish car, one beater that is paid for
We're on a budget but have some wiggle room
Anonymous
Post 09/06/2016 10:19     Subject: How much is your PITI if you earnn around $200k?
210k gross HHI, $3525 PITI. No other debt. No kids yet, but will have one within the next year.

We could manage a $4500 mortgage now. But once we have kids, I don't think we could do it. We've run the numbers and with our current expenses, we'll be fine but we'll have to cut back on savings with a child in daycare.
Anonymous
Post 09/05/2016 22:59     Subject: How much is your PITI if you earnn around $200k?
These two numbers, standing alone, are not that helpful. They don't account for other expenses that could change the overall financial picture. For instance if family A has no kids and no student loans and a HHI of 250k, a PITI of $4,000 might be doable. But Family B, also with 250K HHI, has two kids in daycare and 100k in student loans. They need lower PITI.
Anonymous
Post 09/05/2016 22:53     Subject: How much is your PITI if you earnn around $200k?
250 HHI, 3900 PITI. Totally comfortable.
Anonymous
Post 09/05/2016 22:46     Subject: Re:How much is your PITI if you earnn around $200k?
We are at $230k and pay $2500 PITI. We have elementary age kids so still some childcare costs. Also save for college. We could probably go up to $300k if we reigned in grocery and vacation spending. I can't imagine having a HHI over $200k and not saving for college, OP.