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how much of your mo. income is spent on rent/mortgage?

  1. Alivoo01

    wonderful olive / 19353 posts

    27% of my paycheck goes to my mortgage which also include homeowners insurance, PMI, and taxes.

  2. chopsuey

    hostess / wonderful honeydew / 32460 posts

    2% goes to our mortage. 10% now goes to our rent.

  3. Freckles

    honeydew / 7444 posts

    23% of our take-home pay (damn pension plan contributions!) but only because we've been making extra monthly payments to pay down the principle faster. Otherwise it's closer to 15%.

    I can't wait until we're mortgage free!

  4. WALLAROO

    kiwi / 711 posts

    Rent is 24% of our take home pay - this is based off of DH's base salary not taking into account commission.

  5. LazyLightning

    pear / 1664 posts

    About 15% mortgage.

  6. Sugar.Biscuit

    nectarine / 2063 posts

    6% of our take home goes towards or our mortgage. That's with PMI & taxes. All do to great timing and excellent interest rates!

  7. Mrs squirreld

    nectarine / 2522 posts

    Nothin we are super lucky that DH gets a house as part of his employment one of the reasons we can afford for me to be a SAHM

  8. photojane

    cantaloupe / 6164 posts

    too much! we live in a super pricey area, and don't have the best jobs. my hubs is pretty much entry level now since he just finished school in may, so hopefully it'll even out more over the next few years.

  9. googly-eyes

    GOLD / pomelo / 5737 posts

    26% but that's with me being a SAHM, which is only temporary for us! When I go back to work we will be much more comfortable. We could have done it for less but we wanted to live in a specific (nice!) area so it is what it is! Fortunately we have paid off cars so that's one less bill.

  10. Mrs.VW

    apricot / 460 posts

    16% of take home pay

  11. BelugaBean

    pomegranate / 3516 posts

    I'm a SAHM and we pay about 18% of what my husband brings home in rent. Hopefully we'll be able to cut that a bit when we buy a house.

  12. YSQueen

    pea / 17 posts

    About 20%

  13. anonysquire

    cantaloupe / 6923 posts

    8%

  14. PurplePumps

    pomegranate / 3809 posts

    Wow, I feel like we are spending a lot now! 37% of our net pay goes to mortgage and taxes, we're paying a little extra principle each month, but our minimum payment would still be 33% of our net pay.

  15. mynoahbear

    pear / 1554 posts

    Ours is zero too because housing rent is included in DH's employment contract but we do have to pay some form of tax on it.

  16. BSB

    hostess / wonderful apple seed / 16729 posts

    22% of take home pay.

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