What's your mortgage payment/rent vs monthly salary? | TigerDroppings.com

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BabyTac
Louisiana Tech Fan
Austin, TX
Member since Jun 2008
2690 posts

What's your mortgage payment/rent vs monthly salary?


Seems like I meet a whole lot of people making a considerable amount less than me but living in much nicer homes. Granted, I save quite a bit per month but just curious what everyone's position is?






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Fusaichi Pegasus
Lamar Fan
Meh He Co
Member since Oct 2010
9386 posts
 Online 

re: What's your mortgage payment/rent vs monthly salary?


1/9 OF MY MONTHLY GROSS





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lordguill
New Orleans Saints Fan
Member since Dec 2005
20374 posts
 Online 

re: What's your mortgage payment/rent vs monthly salary?


My rent is 17% of my monthly gross.





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
70179 posts

re: What's your mortgage payment/rent vs monthly salary?


bout 10% of gross





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Salmon
USA Fan
On the trails
Member since Feb 2008
27914 posts

re: What's your mortgage payment/rent vs monthly salary?


monthly house payment (including mortgage, insurance and taxes) is 18% of monthly net income





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NewIberiaHaircut
LSU Fan
Lafayette
Member since May 2013
2483 posts

re: What's your mortgage payment/rent vs monthly salary?


12% of my take home pay goes towards the mortgage.





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CharlesLSU
LSU Fan
Member since Jan 2007
17451 posts

re: What's your mortgage payment/rent vs monthly salary?


12%





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lordguill
New Orleans Saints Fan
Member since Dec 2005
20374 posts
 Online 

re: What's your mortgage payment/rent vs monthly salary?


It looks like I'm doing it wrong.





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BabyTac
Louisiana Tech Fan
Austin, TX
Member since Jun 2008
2690 posts

re: What's your mortgage payment/rent vs monthly salary?


I'm at 14% FWIW.


This post was edited on 10/9 at 10:25 am


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CharlesLSU
LSU Fan
Member since Jan 2007
17451 posts

re: What's your mortgage payment/rent vs monthly salary?


12%





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Schwartz
Hail Victory!
Member since Nov 2006
25979 posts

re: What's your mortgage payment/rent vs monthly salary?


16% of gross.

ETA: 10% if including wife's gross.



This post was edited on 10/9 at 10:27 am


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djangochained
LSU Fan
Gardere
Member since Jul 2013
4432 posts
 Online 

re: What's your mortgage payment/rent vs monthly salary?


14%





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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
50871 posts

re: What's your mortgage payment/rent vs monthly salary?


11%





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
70179 posts

re: What's your mortgage payment/rent vs monthly salary?


quote:

including mortgage, insurance and taxes


I'd be a little higher if I included that but I only pay insurance and tax once a year






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Janky
LSU Fan
Team Primo
Member since Jun 2011
7895 posts

re: What's your mortgage payment/rent vs monthly salary?


9.7777777% includes taxes and insurance.


This post was edited on 10/9 at 10:29 am


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CidCock
South Carolina Fan
Member since Sep 2007
Member since Feb 2011
5250 posts

re: What's your mortgage payment/rent vs monthly salary?


19% but my wife is about to drop down to 3 days per week, so it's gonna go up

including PITI



This post was edited on 10/9 at 10:27 am


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oldcharlie8
LA-Lafayette Fan
Baton Rouge
Member since Dec 2012
3849 posts

re: What's your mortgage payment/rent vs monthly salary?


13





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Pilot Tiger
Georgetown Fan
Washington DC
Member since Nov 2005
60813 posts
 Online 

re: What's your mortgage payment/rent vs monthly salary?


13% of gross

thank you wife



This post was edited on 10/9 at 10:28 am


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lsunurse
LSU Fan
Scottsdale, AZ
Member since Dec 2005
90247 posts

re: What's your mortgage payment/rent vs monthly salary?


11% of my gross pay





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StreamsOfWhiskey
Texas A&M Fan
The Woodlands, TX
Member since Jun 2013
165 posts

re: What's your mortgage payment/rent vs monthly salary?


My mortgage payment including all taxes is roughly 19 percent of my gross. If you want to just look at P&I, it is only 12 percent of my monthly gross.

My wife is a stay-at-home mother. I'm the only one pulling a paycheck. We also have a 15-yr note at 3 1/8 percent.



This post was edited on 10/9 at 1:01 pm


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