Caribbean Nesties
Mabel the Loser.
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Mortgage question for homo(wner)s
I know this has been asked before but I can't find it so please forgive me. What percentage of your take home salary do you spend on mortgage + property taxes? If you're so inclined, can you also share what multiple of your total gross annual income the mortgage amount is? Just curious - H and I are in slight disagreement about this, so I thought I'd poll y'all.
Mabel the Loser.
Re: Mortgage question for homo(wner)s
Mortgage (w/tax & insurance included) is 22% of our net income.
Mortgage loan total is 1.89 times our annual gross income.
"As of page 2 this might be the most boring argument ever. It's making me long for Rape Day." - Mouse
I really don't know Brett's gross pay so I'm slightly guessing here. I probably lowballed his pay a little.
With taxes and insurance, we're right at 16% of our monthly gross on our mortgage. Our total mortgage is about 1.8 times our annual salary. Our house was a fixer upper, though, so we spend a bit more than that in the "house" category each month.
The nerve!
House | Blog
Ours is about 30% for mortgage/taxes/insurance. I think 30-35% is a more "normal" range for those of us in a HCOL area. It's about 2.5 times our gross income.
Claire Elizabeth 12/31/2011
Married Bio
2/20/2011
Claire Elizabeth 12/31/2011
Married Bio
We're at about 20% monthly.
1.3% of gross income.
15% and 1.2x.
But like SB ours is a fixer upper, so we put a bit more into it.
Maybe I don't have a heightened sense of smell, but I've never smelled any vagina on my pants. -- TSD
Bloggity Blog - You know you want to...
Thanks! Taxes in NJ are totally insane. This place is relatively cheap for taxes (under $12k annually) but lots of places we see are in the $18-20k range. Easily makes something that otherwise could have been affordable out of reach.
Yeah, our taxes are insane and we fight them every year. SUch a pain.
Since mine was based on gross, not net, I am sure it is pretty close to what you are looking at november.
With taxes, insurance, etc. mine is at almost 30% of my after-tax (and after 401k) takehome. The mortgage total is 2.2x my annual salary.
I should probably be an outlier on this, since I'm a single-income family and all that. It was more like 16% of takehome and 1.2x annual salary before J and I split.
I don't think that's too high for net income, especially in a HCOL area. Plus, I think the standard percentages can sometimes be a little low for higher income earners.
The nerve!
House | Blog
Mine's about the same as Fenton.
I'll keep my fingers crossed that your offer is the one that gets accepted!
"That chick wins at Penises, for sure." -- Fenton
For less then ten cents a day, you can feed a hungry child.
2/20/2011
Our mortage with taxes and insurance is about 20% of our net.
Multiple is 1.9
We live in a LCOL and I work part time.