“Is it just me or is their idea of affordability completely out of whack. Quick rough calc – approx. 3k per month housing costs (not factoring in electric, water, etc.)/ take home pay (assuming no responsible stuff like 401k contribution) = 4.6k.”
monthly payment is $2269, property tax is roughly cancelled by mtg deduction. Married couple earning 82k will be paying at MOST 15k in all taxes combined (federal+state+ss+medicare) so their take home pay would be somewhere in 5.5-6k range.
