Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: mysql_list_tables(): Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2) in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_list_tables(): A link to the server could not be established in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 18
Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/duotive-admin/duotive-front-page-manager.php on line 19
Warning: Invalid argument supplied for foreach() in /home/content/77/14039577/html/danoncondos/wp-content/themes/duotive-fortune/includes/meta.php on line 145 Is your mortgage leaving you house poor? | Dan On Condos Blog
In scenario we tested, a childless couple in their mid 30’s, jointly earning $75,000 carrying a high ratio 90% mortgage on a $600,000 house and maintaining the basic necessities of their lives, would have to spend 86.72% of their income on housing only.
Assumptions are that monthly payments are: mortgage $1,800, property tax $420, insurance $50, utilities $250, car lease payment $400, car insurance $200, other monthly payments $800. Proving they wish to save $1,000 per month, the calculator measures their Real Life Ratio to be 86.72% which would place them in the financial stress overload.
Should this couple decide to have a child, their expenses would sky rocket and they would not be able to afford the house.