How much of your monthly earnings are allocated to your mortgage?

Mortgage
1

Mortgage Payment Discussion

I recently encountered advice inspired by Dave Ramsey that recommends keeping your mortgage at no more than 25% of your net income. Even though I secured a purchase significantly under my maximum limit by 200k, my mortgage still surpasses that 25% threshold. I’m curious about your situation—how do your mortgage payments compare to your monthly take-home earnings?

2

Hey Leo, I’m paying about 33% of my take-home. It feels a bit high sometimes, especially when expenses fluctuate. Do you adjust your budget when you’re stretched, or have you found a rough workaround?