Salary to mortgage ratio?

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$180k

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Come back to the OT after you get a few raises.

I like lying too

I expect all truthful answers in this thread, no one will lie or exaggerate.

Unless you put 50% down, you should buy a better house in a better location that will appreciate more over time.

68k a year salary, $1900 mortgage a month(escrow) Congrats you’re richer than me.

Our mortgage is 6.8% of our salaries. That's about all you're getting jabrony.

We are at about 12% of gross. Doesn't feel like too much. Once we had kids we moved into the house we plan to stay in for next 15 years at least while the kids are in school. We stretched our finances a little to get a nice big house in a good school system and will stay put hopefully. As our salaries have increased the mortgage (which felt like a lot in the first couple of years) has increasingly become more manageable.

I’ve always read that depending on other debts (credit card, student loans, car notes), a GENERAL rule of thumb is you can afford about twice as much house as your salary. So for you, you’d be roughly looking at a 350K- 375K house. I don’t know what the monthly note is on that and of course I don’t know how much debt you have.

My monthly mortgage is less than 10% of my monthly after tax income.

Lenders usually use around 33% as a ratio of monthly gross income to monthly payment.

$6,000 a month, say $2,000 month payment