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How Much Of A Mortgage Payment Can We Afford?

The Ramsey Show Highlights 208 views

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When is Dave gonna stop giving the 25 blanket rule, which is so wrong! The percentage can easily go up based on your income, because it’s more about what’s left after your house payment For instance if you’re taking home $20,000 per month most could literally afford a 50 house payment cause that would still leave you with $10,000 per month for all other expenses A number most Americans could easily live on
Comment from : @benjamincorrea7375

What Dave is basically saying- "I know that 25 thing I keep saying is BS, just do the best you can"
Comment from : @LegDayLas

Interesting
Comment from : @MaryJordan-c9r

This sounds so staged
Comment from : @CuongVu-hr5vl

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Donnafrank-k6e

Hope this guy bought that house, because getting a 5 mortgage is impossible now
Comment from : @McofCOD

I thought it was 25 of gross pay
Comment from : @alyssamoseley222

Investments are the roots of financial security; the deeper they grow, the stronger your future will be"
Comment from : @BarbaraMarks7s

I really don’t get how this is possible for anybody The average house about me is around $500,000 Even if I were to get a very conservative two bedroom one bathroom house it would be about $350,000 on a 15 year fixed rate I would need to take home about eight grand for a month just to qualify for that
Comment from : @timmysfittness903

If you have to ask,"how much can we afford"you cant
Comment from : @godsdozer

Most people can’t afford a 15yr mortgage these days, especially if you try to stay in this 25 range Good luck with that!
Comment from : @tylerhair9067

Whatta yawner
Comment from : @account2292

I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Comment from : @MizThe

So is the 25 calculated before or after mandatory pension deductions? And is it after retirement? I basically have the same question as this guy and I still don't know 😂
Comment from : @digger731

Everybody gets approved !baby steps… thank you Dr Leo Marvin thanks for seeing me!!Bob???😮
Comment from : @Rollingthunder517

What’s the benefit of a 15-yr mortgage when most people aren’t in a home more than 5 years
Comment from : @anthonytroxell

bruh by this definition I should jut go live under a damn bridge25
Comment from : @racardobrown5863

The guy trying to sound smart and Dave telling him to shut up and go to the point it’s shuts priceless!
Comment from : @eljavio10

Why are these guys so long winded? Jeeze how much do you make and what mortgage can you get?
Comment from : @kidzanimalskidz239

"stop, stop, stopwhat's your question?" - 🤣
Comment from : @Tehui1974

Sorry, but it is idiotic Average price for houses in my area is $350k Property taxes are 3 brMeans to have 25 rule for 15 years my income should be 12k per month It makes impossible to buy a house in the nearest future Household income 114k net is crazy brPay off property as fast as you can is also funny My current mortgage payment for my house 30 mortgage is 2150 From these 2150 just 600 is interest and 500 principal Rest is escrow that I'll keep anyways after pay off my interest and principal
Comment from : @viktorandy6080

Seems like this guy called because he wanted a pat on the head
Comment from : @Bearlytherely

That boy started Rambling like a mf 😂😂
Comment from : @natejohnson2908

Bro is a gold medal yapper
Comment from : @davidthackham4955

We just paid off our mortgage Thank God
Comment from : @MrDedvalson

Let's see, 25 take home pay per month to buy the cheapest piece of crap on Long Island you can find, you'd have to take home about $16,000 per month :/ And that's based on a 30 year mortgage 15 year you'd need about $22,000 per month take home
Comment from : @LIMuscleBlackdevil

1st mistake you made, you got married too young
Comment from : @baneta1

A starter home in Dallas went from $250k to $350k home prices are insane so what do you do?
Comment from : @tmarieking3239

This guy tried flexing online, yet showed his plan is double Dave's plan (30 year vs 15 year mortgage), kept rambling and not answering Dave's questions to the point of pissing him off, and also demonstrated that he does not understand Dave's baby steps (his ridiculous question about retirement at step 3b)brbrHe spoke about calculators and fancy math, and I expected him to say he makes $150k He just makes shy of $70k
Comment from : @harrykashouli9774

175k for a house? 😂 average is around 350k outside Chicago hahahaha fuuuccckkk
Comment from : @9686-n3l

Lol he was throwing out hella figures n Dave said hold up stop stop ✋️
Comment from : @jesserh5908

Hey Dave, I buying a bunch of stuff, can I call you so you can tell me I can't afford it?
Comment from : @sess9561

$175k house in NY, lol good luck
Comment from : @2wheeldom11

😆😆😆
Comment from : @travlepreneur

🥳
Comment from : @igot5onit423

this caller was way over analyzing the math when buying a home, when all he had to do was basic math to figure it out lol
Comment from : @RhinoXpress

Lol dude showed up with an entire encyclopedia and percentages
Comment from : @choicemeatrandy6572

😂 when Dave cut him off to ask what was the question I am getting a t-shirt that says "don't overnerd this"
Comment from : @jenniferspisak

this guy is smart he need to make more money
Comment from : @greenstone09

I love Ramsey, I’m so glad I found your videos I was drowning and this man saved me
Comment from : @puritygathoni4043

If you have to ask if you can afford something, the answer is probably NO
Comment from : @karlabritfeld7104

Wow that was boring and annoying
Comment from : @poualicious

I had to stop the and close the video Ramsey team I suggest not uploading videos from rambling callers
Comment from : @scootsmcdoots80

I personally chose to take out a 30 yr loan, and apply additional payments to the principal ONLY to pay it off in 15 yrs The interest rate for a 30 yr is higher, but I did the calculations and the difference in total interest over the life of the loan was minimal My peace of mind of having that lower payment if hard times came was much more important to me Everyone has to do what they feel is best after researching all options
Comment from : @sasasavage5047

He's a business analyst that over analyzed brbrI can relatebrbrI laughed when Dave said, "Don't over-nerd this" Analysis paralysis
Comment from : @Takar100

who is this lady?
Comment from : @tamaralaird3389

This is actually a good Video, A lot of people watching get an accurate idea of what's actually doable
Comment from : @arizonalifestylechannel2186

The Caller should pull the trigger on a $200k house Your good and the shovel is getting bigger brThe 25 if a general guideline, don't sweat it and get out of renting
Comment from : @arizonalifestylechannel2186

He just wasted Dave’s time
Comment from : @nicorusso1526

Don't over nerd this 🤣
Comment from : @simplyme3684

worst caller I have ever heard
Comment from : @stephenmcnamara8318

A lot of the time I don't watch till the end of the video because callers keep yapping away Get to the point big lad 😂
Comment from : @littlebylittle1686

Think this caller is grossly underestimating school & property taxes in rochestet / Monroe County NY For a 200k home in any of the suburbs itll be double his $6200 per year at a minimum for combined school & property tax Monroe Co NY has the highest taxes as a percentage of the home's value in the country On top of which both city and suburbs are oppressively aggressive with jacking up tax ans assessment values each and every year brbrI live in rochester and can more than afford a mortgage payment But I dont buy because I refuse to pay the town or city 300 the value of the home in taxes over the life of the mortgage
Comment from : @MrTedTederson

Take out a 25-30 year mortgage, as life will happen, and you need money for kids and cars and what not Inflation, and value of the home will help you build equity And a dollar today is worth more than a dollar in 25 years I hate that percentage you operate with You are in your early 30´s, your income will increase And eventually the mortgage payment percentage will make that percentage lower
Comment from : @ibislife

Whew he sure rambles
Comment from : @davidnonnenmocher5122

this caller is killing me
Comment from : @dt6750

175k in New York? Bro is living in a shed 😭
Comment from : @EnmanuelDiaz

🫵😂😂😂😂 them business analysts will go off the deep end on you every time
Comment from : @bretmelton7116

“Don’t over NERD this” 🤣🤣
Comment from : @Eric-kz9bk

Mans was losing me too with all the numbers 🤣🤣🤣
Comment from : @learenng1267

Boring this guy!!
Comment from : @steenglish

Don't take out a mortgage right now stupid the whole economy's crashing and the jobs are going with it HYPERINFLATIONARY DEPRESSION THE GREATEST IN THE HISTORY OF THE WORLD IS JUST NOW KICKING OFF
Comment from : @tomstulc9143

Roch cha cha 🤘🤘🤘 I live about an hour south of Rochester Just bought a house a couple months ago just before the interest rates went up
Comment from : @dougsmith3821

4:49 😅 I SCREAMED LOL the way this man went on and on
Comment from : @ILENEmusic

Lol; "don't over-nerd this"
Comment from : @JRS620

Caller is actually kinda difficult to listen to Why doesn’t he just put some hard numbers and ask direct questions instead of all the percentages and hypotheticals Though good for him for overthinking
Comment from : @AaBbCcDdEeF

Most Americans who listen to Dave are doing well financially so a 15 year mortgage should no sweat Most of the people living in my area have their homes paid off, and their second vacation homes are close to being paid off with the 15 year mortgage We did the 30 year and try to pay extra
Comment from : @chrisphilips2768

I HIGHLY recomend young folks join military active duty You get VA Loan benefits and Post911 GI Bill benefits which pay for a 4yr degree And the career experience is valued by MOST employers My wife & I have done it, our children have done it And the opportunity to have serve your country around the world is an experience I would not change for the world 😎👍🇺🇸
Comment from : @uncommonsense5876

Business analyst can't even answer a simple question 😂
Comment from : @mikebayless4268

My father, RIP, advised me and my husband to get a fixed 30-yr mortgage but pay it like a 15-yr mortgage because we could go back to the lower 30-yr monthly payments during financial emergencies My husband was laid off twice but we remained financially secure and have lots of equity! ;-)brbrPS - Forgot to mention we also had the self-discipline to put down 20, even though the bank did not require that, and put what we would've paid for the mortgage insurance towards paying down the mortgage as well
Comment from : @hatwomantotherescue9564

So the question is if the 25 rule applies to the principle and interest only? Is it okay if the taxes and insurance put someone over 25 🤔
Comment from : @Sexy40baby1

Had to go to the next videocouldn't listen to that over analysis
Comment from : @t3morga

I'm young, I live in a very expensive area but want to continue to live here for a decade for higher pay and career experience Should I just wait til my 30s when we move away to buy? Or is 10 - 12 years too long to sit on the sidelines when it comes to home ownership?
Comment from : @mruniverse1907

Dave, don’t over nerd this 😂 it doesn’t take rocket science Matt
Comment from : @yarossnydertime6225

OMG, what a nerd
Comment from : @floresnashvilledrummer

This guy is wayyyyy to analytical and confuses himself
Comment from : @JoeyWilson__

Torture listening to the caller
Comment from : @davidsims5791

Never buy a house in a HOA
Comment from : @oldfordman68

I wish I could call Dave Ramsey directly, I haven't had a video that speaks about my specific situation and we're so lost on what to do
Comment from : @brrberrymerry

Christine is a cutie! 😍😍😍🥰
Comment from : @psychoof78

Starting in august my income will go from 40k to 100k , I have about 30k in debt , can someone help me figure out the best way to pay off that 30k off the debt ?
Comment from : @HEC892

A 15 year mortgage is not realistic for most, based on monthly payment amount Get a 20 or 30 year and look to pay off earlier, by making more payments when you have it I had a 20 year mortgage……payed off in 14
Comment from : @tomdrummy4984