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me_irl
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this post was submitted on 11 May 2026
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me_irl
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That really depends, are you counting the mortgage as the mortgage + property taxes + insurance?
Your "mortgage" payment is usually a bundled escrow payment. My mortgage is only 425 every two weeks, but I pay the property taxes (5600 yearly) and insurance separately. I bought the house for 235k ten years ago, is value is currently 475k (according to Zillow)
I live in one of the richer areas of greater Cincinnati, in one of the top 10 school districts in the entire state of Ohio. I wouldn't call it a slum.
Separating the taxes doesn’t mean it doesn’t count. It is an additional payment or cost you have associated with your house. Not counting it in your mortgage cost is not being truthful.
After taxes and insurance your house costs you roughly $1450/month. More expensive than the example tweet and I guarantee you have a fantastic rate, probably 3.8% or lower.
It is extremely reasonable for a lender to assume that if a person struggles with rent, that they will struggle even more to pay a mortgage.
Side note nice job paying every 2 weeks. Great way to pay extra and pay less interest.
Yes, I fully took advantage of Covid and I re-financed at 2.4?
But yeah, owning a house costs a lot more than just paying the loan.