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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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POLL: What % of the money you take home monthly goes to your mortgage?
Sorry if this has been done before... just curious.
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Posted 2/23/08 4:26 PM  |
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MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
of what we take home, about 45%
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| Posted 2/23/08 6:26 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
Just mortgage (with no taxes or homeowner's) 15 1/2%
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| Posted 2/23/08 7:25 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
I'm not sure what it is related to my takehome, but you shouldn't go over 30% of your gross salary on home expenses (mortgage/taxes/insurance).
The reason you go gross salary in these scenarios is because your taxes and mortgage interest are paid with gross income (pre-tax).
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| Posted 2/23/08 8:15 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19457 total posts
Name:
L
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
the mortgage is about 13% of our gross income not including maintenance fees or insurance. If I add those in it is 14%. We are saving for a new house and I think that will be about 20-25% of our gross income.
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| Posted 2/23/08 9:52 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
Posted by ave1024
The reason you go gross salary in these scenarios is because your taxes and mortgage interest are paid with gross income (pre-tax).
Is it pre-tax since it's tax deductable? Otherwise we pay our mortgage (and interest and taxes and insurance) with taxed money.
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| Posted 2/24/08 9:59 AM |
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MrsRivera
2 under 2...whew!!
Member since 2/07 9876 total posts
Name:
Beth
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
Our mortgage payment is about 30% of our NET take-home pay each month.
We were VERY careful when buying our house in NC. It's so easy to go over your "safe" spending limit for a house, because you're starstruck by how much house you can actually afford. We saw a house that we loved that was $30,000 more than our upper limit. As much as we loved it, we wound up erring on the side of caution.
I'm REALLY glad we did, because that mortgage bill comes at the end of the month, and it's a comfortable, manageable payment.
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| Posted 2/24/08 10:32 AM |
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KvsGrl
Round 2!!
Member since 1/07 1202 total posts
Name:
Samantha
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
20% of our gross income.
14% if you count my guaranteed bonus I receive at year-end.
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| Posted 2/24/08 6:23 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: POLL: What % of the money you take home monthly goes to your mortgage?
I did ours based on DH's salary, but he also gets a nice bonus each year which I didn't include in the calculations.
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| Posted 2/24/08 6:50 PM |
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