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re: Average monthly mortgage cost of the MB?
Posted on 10/24/16 at 11:20 am to GeauxTime9
Posted on 10/24/16 at 11:20 am to GeauxTime9
14% of pre-tax household income, including escrow.
0
Posted on 10/24/16 at 11:23 am to GeauxTime9
17% of pretax. Move in December.
It should push down over time if all goes well.
It should push down over time if all goes well.
This post was edited on 10/24/16 at 11:24 am
Posted on 10/24/16 at 11:26 am to Teddy Ruxpin
quote:
It should push down over time if all goes well.
Same thing for me. Right now I'm at 13.5% pre tax, based on built in performance raises I could get to 10-11% in about 1-2 years
Posted on 10/24/16 at 11:27 am to GeauxTime9
quote:
We can afford the home, just makes me a bit nervous jumping up +$500.
For the next 1-2 months before you move in, just throw that extra $500/mo into an account. You'll adjust to the lower take home + have some money to spend on new home related expenses
Posted on 10/24/16 at 11:32 am to GeauxTime9
Paid off mortgage this year
Posted on 10/24/16 at 11:44 am to iluvredboxx
quote:
Paid off mortgage this year
Posted on 10/24/16 at 12:26 pm to GeauxTime9
I'm at about 18% pre-tax for everything. I definitely can sympathize with your situation as I made a similar move from a much lower amount.
Posted on 10/24/16 at 12:59 pm to BeerMoney
12% of pretax income (includes principal/interest/taxes/insurance)
Posted on 10/24/16 at 1:37 pm to Serraneaux
Less than 10% post tax income
Posted on 10/24/16 at 2:17 pm to BeerMoney
we will also be around 18% pre-tax when the house is done
Posted on 10/24/16 at 2:20 pm to GeauxTime9
12% of pretax income
Posted on 10/24/16 at 3:10 pm to GeauxTime9
8% of pre-tax household income.
Posted on 10/24/16 at 3:21 pm to LSUFanHouston
11.9% of pretax income
Posted on 10/24/16 at 4:07 pm to GeauxTime9
About 23% pretax
It's less if you include my wife's salary but I don't like to figure hers into paying bills
It's less if you include my wife's salary but I don't like to figure hers into paying bills
Posted on 10/24/16 at 7:10 pm to yellowfin
What would y'all consider the "number" you want to stay below. I have read a few sites that say you want to stay under 25%. Is that accurate? My thing is we are both young and moving up in our careers. We really can only go up from here.
Posted on 10/24/16 at 10:13 pm to GeauxTime9
11.2% Pretax for Mortgage/Insurance/Tax
Posted on 10/24/16 at 10:55 pm to BeerMoney
31% of take home monthly pay
Posted on 10/24/16 at 11:06 pm to GeauxTime9
11% of pre tax income. Includes insurance and property taxes (also in TX)
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