Mortgage 25% rule question : r/DaveRamsey - Reddit

Mortgage 25% Rule Question : R/DaveRamsey - Reddit

2 weeks from now

The 25% rule isn't a hard rule though. It's more of a strong guideline. Listen to the show often enough and you'll hear the advice doled out that if you can reasonably anticipate your income …

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Ramsey's 25% Mortgage Rule : R/DaveRamsey - Reddit

2 weeks from now

On a 15-year mortgage at 6.25%, this payment would support an initial loan value of ~$180,000. If Ramsey's rule is meant to include real estate taxes and insurance, then the loan value would …

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25% Mortgage Rule : R/DaveRamsey - Reddit

2 weeks from now

Reading these comments I feel so bad for first time home buyers. Through sheer luck I bought my house for $230k back in 2015 (now valued at $380k), and refinanced to 2.25% in 2021. I am at …

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Mortgage Payment 25% Of Income? : R/DaveRamsey - Reddit

2 weeks from now

The rules Mortgage payment is no more than 25% of take home pay. That gross less taxes. no other deductions. The payment includes, mortgage P&I, taxes and insurance. Put down as …

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25% Housing Rule Question : R/DaveRamsey - Reddit

2 weeks from now

Other financial experts give a range of 25-33% for rent/mortgage without considering term. Dave specifically says 25% on a 15 year. 25% is not a super hard and fast rule like 15% of gross …

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How Much House Can I Afford? ...Responsibly - Part-Time Money

2 weeks from now

Dec 1, 2023  · The 28%/36% rule means that your mortgage should comprise no more than 28% of your total income on housing-related costs and 36% on all debts (mortgage, credit card …

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Miss Understood Mortgage Payment Guideline Of 25% : …

2 weeks from now

The percentage rule is not really one-size-fits-all. 35% might be pretty easy if your take-home pay is $200k/year. 25% might be a major stretch for someone making $60k. Aside from your …

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R/DaveRamsey On Reddit: Is The "no More Than 25% Of Your Net …

2 weeks from now

So, given that "net" income of $66,000, you'd have a budget of roughly $1,375 per month to spend on your mortgage (($66K/12) x 0.25). At the current median home price, and current …

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R/DaveRamsey On Reddit: Question Regarding Dave's "Less Than …

2 weeks from now

I am wondering if Dave's rule of paying less than 25% on the mortgage includes all housing costs like utilities, HOA fee, etc. With the HOA, insurance and taxes, I can afford a home like this …

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25% Rule To Buy A House : R/DaveRamsey - Reddit

2 weeks from now

That 25% limit includes principal, interest, property taxes, home insurance, private mortgage insurance (PMI) and don’t forget to consider homeowners association (HOA) fees. …

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Yet Another 25% Rule Thread : R/DaveRamsey - Reddit

2 weeks from now

r/DaveRamsey. If you're following Dave Ramsey's Baby Steps or just want to gain a better understanding of the Total Money Makeover, Financial Peace, and personal finance in …

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R/DaveRamsey On Reddit: How To Interpret 25% Rule For Housing …

2 weeks from now

Suppose monthly PITI payment on House A would be 25% of take-home pay with a 20% down payment, but payments on a more expensive House B would also be 25% of take-home pay …

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25% On Mortgage, What Exactly Does That Mean? : R/DaveRamsey

2 weeks from now

We give over 20% per month in charity/tithe and our mortgage is around 40% of our take home after we get done maxing 401ks. We are still at financial peace with plenty left over. Not …

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Is Daves Advice On Buying A House Realistic? : R/DaveRamsey - Reddit

2 weeks from now

The first rule of home buying: don’t buy a house you can’t afford. Dave's rule of 25% is not his, it has been around for a long time in the following way: use the 28/36 rule. According to this rule, …

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R/DaveRamsey On Reddit: Do You All Actually Do The 25% Of Take …

2 weeks from now

I still 100% agree with the 25% of take home pay part. And technically you would be following the 15 year mortgage rule, but not exclusively tied to it every year. This way you are flexible if …

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