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ProspectiveHomeBuye OP t1_iy953eo wrote

Reply to comment by Main-Inflation4945 in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye

Is this pre-tax or take home? I have heard that a reasonable target is 28% of pre-tax monthly income.

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darbosaur t1_iy9dm6a wrote

It's take home. Note that it's for housing cost, not mortgage- this includes all of the repairs and ongoing maintenance on a home that will now be your responsibility. More of that can be mortgage if less of it is spent fixing an old roof or a flooded basement.

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