What % of your take home income do you put towards your mortgage?

[Sam480]

14 hours ago, cameraman said:

I see few people putting up to 70 % take home (after tax) income for mortgage + all utilities stuff

 some people say it should be below 48%

 

 

31% of of combined take home income

4200 towards mortgage 

[Variety_Pullayya]

14 hours ago, cameraman said:

I see few people putting up to 70 % take home (after tax) income for mortgage + all utilities stuff

 some people say it should be below 48%

 

 

depends on how much emergency money you have saved.  you can contribute higher if you have some money set aside.

 

[vizaglkarya]

2 hours ago, Pahelwan4 said:

Mortgage 3800

2 cars emi 1400

day care 1500

credit card minimum every month 3000 (groceries, utilities outside dinners blah blah)

hoa 150

kids classes 1200 for swimming kumon music taekwondo 

11000 easy ga aitundi per month

 

Still you must be saving $120k per year after all expenses. You are in better position than many others

[Aquaman]

2 hours ago, Pahelwan4 said:

Mortgage 3800

2 cars emi 1400

day care 1500

credit card minimum every month 3000 (groceries, utilities outside dinners blah blah)

hoa 150

kids classes 1200 for swimming kumon music taekwondo 

11000 easy ga aitundi per month

 

still better no....