Quote:
Originally Posted by westopher
Wondering what people in here are spending as a portion of take home income on mortgages right now.
I know what we can qualify for, and it's not a number I'm comfortable with, but curious what real world non 500k income model dating RS members are at?
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51% of take home at the moment. I'm up for renewal and the best option is 36 Closed, 5.99% fixed, with a $3,367.91 renewal fee or 36 closed, 6.29% with a $200 renewal fee. The difference in biweekly payment is only $60 ish, but I'd have to pay 3.4K to "save" (or payoff more) $1.1K.
Either way with these new crappy rates, it'll push the ratio to ~63% of takehome.. kinda fucked.