What I really can afford...right now.

[ScrimpAndSave]

I get paid biweekly. Here is my paycheck:

Gross: $1,872

FICA: $114
Medicare: $27
Fed Tax: $198
State Tax: $57
Local Tax: $18
Retirement: $140 (Pension - 7.5% of salary)
SUI: $1
LST Easton: $2
MD-PPO: $25
Union Dues: $25

Net: $1,263

I have 26 pays a year...so $1,263 x 26 = $32,838/ 12 = $2,736 (Net Monthly Income)

$2,736 x .25 = $684
$2,736 x .28 = $766
$2,736 x .3 = $820

Are these last few figures the numbers I should be considering as my max when looking at PITI?

I do get a $1,800 raise at the end of this month (I gained graduate credits and moved on the payscale). I also get a $10,000 raise on September 1st...and I gain $7,000 - $10,000 for 5 years after that each September.

$17,000 in currently in savings. No debt. No car payment.

[red92s]

A) are you sure you are on bi-weekly payroll and not 1st/15th (makes a difference for the number of pay periods)

B) I think you made an typo on the annual income step ($15,XXX), but the net monthly looks correct.

C) Sorry I can't be more helpful on your PITI question . . . havent started going down that road yet!

[ScrimpAndSave]

A) Yes, I don't get paid on the 1st and 15th...it is biweekly. There are two months out of the year when I get paid 3 times.

B) YES! I did make a typo. THANK YOU for pointing that out to me.

C) You have actually been very helpful.