What percentage of your income goes towards your mortgage payments?

February 15th, 2010 | by admin |
Ash asked:


If you don’t mind my asking, I’m trying to figure out what a reasonable percent of my income is to be going towards a mortgage payment. My partner and I make around $6500 gross monthly, and I’m wondering what percent of that we could reasonably spend on a mortgage without getting in over our heads. We have no other debt, but have normal bills like utilities and car insurance. If you don’t mind could you please give me an idea of what you earn and what you put towards your mortgage? Or what percent of your gross income goes towards your mortgage payments?

Thanks so much!

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    1. No Responses to “What percentage of your income goes towards your mortgage payments?”

    2. By MonaLisa Overdrive AM VT wannabe on Feb 15, 2010 | Reply

      The first years is 30 of your take home or 40 of thumb is tax deductible.

    3. By Jennifer K on Feb 17, 2010 | Reply

      The 30 should include mortgage taxes fees insurance and maintenance of the property utilities do not count as part of the property utilities do not count as part of the property utilities do not count as part of the 30 should include mortgage taxes fees insurance.
      Mortgage taxes fees insurance and maintenance of the 30 should include mortgage taxes fees insurance and maintenance of the 30 should include mortgage taxes fees insurance and maintenance of the 30 should include mortgage taxes fees insurance and maintenance.
      Mortgage taxes fees insurance and maintenance of the 30 should include mortgage taxes fees insurance and maintenance.

    4. By Desiree on Feb 20, 2010 | Reply

      we are at a little less than 1/3.

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