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re: How does a family do it financially

Posted on 6/6/22 at 7:10 am to
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32929 posts
Posted on 6/6/22 at 7:10 am to
quote:

Let’s take someone making 175-200k a year. Their take home monthly pay is roughly10k. You telling me a mortgage of $1,800 would be high? That’s like a 275k house….


18% of take home on a mortgage isn’t a lot at all (ours is 22%), but if you bought anytime in the last couple years with good interest rates, and had a 20% down payment a $1,800 could be the mortgage for a 425k home.
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