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sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
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What percentage of your net income goes to mortgage?
35% including taxes and insurance
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Posted 2/7/15 8:08 PM  |
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Prudential Douglas Elliman Real Estate
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newbie00
LIF Adult
Member since 3/11 1191 total posts
Name:
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What percentage of your net income goes to mortgage?
23% including taxes and insurance
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| Posted 2/7/15 9:10 PM |
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2boys1girl
and one more girl on the way!
Member since 5/10 2954 total posts
Name:
D
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What percentage of your net income goes to mortgage?
If going on just my income it's 52% before taxes. Our PMI is really high and so are our taxes right now at 1,000 a month. We just closed in Sept and haven't gotten a grievance yet.
My husbands income fluctuates so I would assume we fall around the 35% mark also.
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| Posted 2/9/15 2:01 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: What percentage of your net income goes to mortgage?
Posted by Teach723
35%
About the same.
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| Posted 2/9/15 2:09 PM |
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JAPH23
LIF Adolescent
Member since 10/13 769 total posts
Name:
:)
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Re: What percentage of your net income goes to mortgage?
All in (taxes, PMI, Mortgage, Insurance) about 31%
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| Posted 2/9/15 2:55 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: What percentage of your net income goes to mortgage?
Posted by Mrs213
Posted by MegZee
Posted by LMFitz
About 22% of our combined household take home.
Same....and I max my 401k....I'm actually surprised at some of the #s!
When we closed it a was around 30%
Taxes go up and people's financial situations change sometimes.
Exactly. Everyone's financial situations are different and can change at any time. To be honest, I'm surprised there were so many in the 20% range. I always thought 33-35% was average.
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| Posted 2/9/15 2:57 PM |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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What percentage of your net income goes to mortgage?
25%, including taxes and insurance
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| Posted 2/9/15 3:17 PM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: What percentage of your net income goes to mortgage?
Posted by PhyllisNJoe
Posted by Mrs213
Posted by MegZee
Posted by LMFitz
About 22% of our combined household take home.
Same....and I max my 401k....I'm actually surprised at some of the #s!
When we closed it a was around 30%
Taxes go up and people's financial situations change sometimes.
Exactly. Everyone's financial situations are different and can change at any time. To be honest, I'm surprised there were so many in the 20% range. I always thought 33-35% was average.
Honestly I was too..when I asked I assumed most people especially here on LI with the high costs of taxes and houses would be around the 30-40% range which is where we will be.
This is net obviously not gross which lets be honest if I brought home my gross salary I would be ecstatic  .
We also sock quite a decent chunk of change automatically into 401K, retirement, FSAs and DDs 529 so it's 30-40% range after all that is taken out.
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| Posted 2/9/15 3:45 PM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: What percentage of your net income goes to mortgage?
Posted by PhyllisNJoe
Posted by Mrs213
Posted by MegZee
Posted by LMFitz
About 22% of our combined household take home.
Same....and I max my 401k....I'm actually surprised at some of the #s!
When we closed it a was around 30%
Taxes go up and people's financial situations change sometimes.
Exactly. Everyone's financial situations are different and can change at any time. To be honest, I'm surprised there were so many in the 20% range. I always thought 33-35% was average.
I couldn't agree more. We bought a house that was exactly half of what we were approved for, we live in a part of LI where taxes are low comparatively and our income has increased significantly over the years.
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| Posted 2/9/15 5:28 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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What percentage of your net income goes to mortgage?
Oh I get peoples financial situations change-mine included. Two in daycare equals my mortgage! I wasn't expecting so many close to 50%. I was expecting 20s and 30s...not so many 40s and 50s.
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| Posted 2/9/15 7:42 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: What percentage of your net income goes to mortgage?
37%
this includes mortgage, insurance, PMI, taxes.
Message edited 2/10/2015 11:15:31 AM.
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| Posted 2/10/15 11:11 AM |
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b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
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What percentage of your net income goes to mortgage?
27% including mortgage insurance and taxes
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| Posted 2/10/15 1:41 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: What percentage of your net income goes to mortgage?
I guess around 40ish%. That's for mortgage, taxes, and homeowners.
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| Posted 2/10/15 2:12 PM |
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Re: What percentage of your net income goes to mortgage?
Huh, who knew. 17%. That is our net income and just mortgage, not including the extra we put toward it each month and/or taxes. No PMI. We really did buy an affordable home! (We don't make a lot of money, not by LI standards at least!).
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| Posted 2/10/15 2:40 PM |
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MrsPenthouse
LIF Adult
Member since 11/10 924 total posts
Name:
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What percentage of your net income goes to mortgage?
about 25%- this includes property taxes.
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| Posted 2/10/15 4:22 PM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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What percentage of your net income goes to mortgage?
About 20%. We could have gone higher but our student loans equal a mortgage payment and then add in childcare. We bought on the very low end of our ability to be able to not stress about bills.
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| Posted 2/10/15 10:13 PM |
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