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

[bucwylde23]

About 28% of me and my wife's income. The payment includes taxes/insurance escrow.

 

[daveshel]

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.

 

[SpazzyChicken]

About 31% if you include property taxes and insurance, 25% without.

 

[DT4K]

About 35%.

 

[mugs]

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.

 

[Cienja]

13%

 

[rh71]

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]

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]

20% but that is only because we are paying 50% more than what we are supposed to.

 

[Apathetic]

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]

About 24% when we first bought the house, and about 9% when we finished paying it off. Including taxes and insurance.

 

[Fingolfin269]

I'm right at 30% including PMI, Condo insurance, and property taxes.

 

[BoomerD]

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.