Feel free to share the location and TC vs. mortgage amount in comments
Madison, WI Household take-home pay 26k Mortgage 2.1k, property tax 1k
Household or just yours? 26k? WTF!
HHTC 650ish (300ish each).
Take home pay = after taxes folks! If take home pay is also after deduction of retirement $ and healthcare costs, then we’re still looking at <10% for us. MCOL area. Low mortgage locked in before prices exploded. House has almost “doubled” in value. Mortgage w/escrow is under $1600 for us.
Seattle area, HHTC $450k Mortgage paid off
Early career?
Take home cash (after taxes, all deductions, 401K, etc) = 285K per year. ($24K/mo) Mortgage = $1800/mo Insurance = $120/mo Taxes = $900/mo So, about ~7% if mortgage only Or about ~11% including taxes and home insurance
TC $500k Mortgage $6000/month Bay Area
Salary 100% RSU 10% on the rest of expenses
Seems like you're not prepared for any emergencies?