[POLL] - Do you have a Mortgage? How much is it?

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daveshel

Diamond Member
Oct 10, 1999
5,452
1
81
Just under 20%. I was lucky to buy my house in 1998 before the bubble, then refinanced when the rates were low on 2004, so my payment is barely more than single bedroom apartment rent.
 

mugs

Lifer
Apr 29, 2003
48,903
19
81
Originally posted by: Lothar
Originally posted by: mugs
Currently in the process; mortgage will be right around 25% of take home pay the first year, maybe slightly higher. Another $8500 a year in property taxes sucks though.
Move out of New Jersey?
It's worth the $8500/year and high home costs to live in NJ.
 

rh71

No Lifer
Aug 28, 2001
52,808
999
126
35% of our take home pay (me + wife)

We're looking to buy a bigger house too so it's going to hurt more but it will be worth it. Money is meant to be spent.
 

AMDZen

Lifer
Apr 15, 2004
12,639
0
76
Wow, mine is over 50% and I survive. I guess I'm alone, I thought this was pretty normal

EDIT: 55.08% to be exact
 

sdifox

No Lifer
Sep 30, 2005
90,559
12,376
126
20% but that is only because we are paying 50% more than what we are supposed to.
 

Apathetic

Platinum Member
Dec 23, 2002
2,587
6
81
It's pretty much right at 25% (including property taxes, etc) but I pay a lot extra every month to try to pay the darn thing off ASAP.

Dave
 

kranky

Elite Member
Oct 9, 1999
21,000
111
106
About 24% when we first bought the house, and about 9% when we finished paying it off. Including taxes and insurance.
 

BoomerD

No Lifer
Feb 26, 2006
60,260
8,413
136
When we originally bought the house, the mortgage was less than 25% of my take home, but since gettting hurt at work, my income has dropped significantly (workman's compensation) so it's changed to about 30-35% of my take home pay.
 

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