Without checking exact numbers, ours is about 25% of net take home pay. That is after we are contributing 15% of our gross pay to RRSPs though. Also, this number is before considering any bonuses that we get, which we do not count on as guaranteed income, though something usually comes in from that front.
I wouldn't say we feel overextended in any way. However, we do not have a car loan and don't plan on one for many years. In addition, we could easily reduce the RRSP contribution if required to pick up the slack on the mortgage should it be required for some reason. We also have a sizable emergency fund to make sure payments can be made in case of someone losing a job. Without those safety nets, I would not feel nearly as comfortable.
__________________
Much like a sports ticker, you may feel obligated to read this
|