Comments on: What percentage of your income goes towards your mortgage payments?

By: Desiree

Desiree — Sun, 08 Nov 2009 09:50:37 +0000

we are at a little less than 1/3.

By: Jennifer K

Jennifer K — Fri, 06 Nov 2009 15:26:18 +0000

The 30% should include mortgage, taxes, fees, insurance, and maintenance of the property. Utilities do not count as part of the 30%.

By: MonaLisa Overdrive AM VT wannabe

MonaLisa Overdrive AM VT wannabe — Wed, 04 Nov 2009 01:15:23 +0000

ALAN

The rule of thumb is 30% of your take home, or 40% of your gross. Remember that the interest and proprty taxes (most of your payment in the first years) is tax deductible.