Quote:
Originally Posted by 6793026
Not sure if my math is wrong, if it is 4k-5k more on the mortgage per yr is quiet a bit.
I was caught on this dilemma also, but I went on the crazy safe side. I can float 400-500 dollars per year more cause its only 40 dollars per month on the mortgage, if it it was 4-5k per yr, 400 dollars more on a mortgage is a big chunk.
Now, having 1 income and being sole contributor is rougher to find an extra 5k per yr, guess its a bit diff if it was a married couple.
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It all depends on how much their budget was in the first place. If they were ultra conservative then an extra $400 per month isn't much.
If they were mortgaged to the tits, then an extra $400 is a lot.