Factor in RSU for mortgage

Honeywell / Eng that1guy
May 1, 2018 9 Comments

I just got an offer for $170k base $200k RSU over 4 years and 15% bonuses

That means my yearly is roughly $245k. I know not exact and depending on bonus and RSU vesting isn’t exactly $50k each year but roughly..
Plus spouse pay of $70k a year = $315k

Is this appropriate income calculation to base mortgage on? Or would/do you only consider base pay? I’m thinking if I can manage this through I can justify getting at least a decent house. Suggestions?

Edit: I’m targeting 30% of NET pay. Something upwards of $5k mortgage payment including insurance, taxes, hoa, pmi etc


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TOP 9 Comments
  • Apple / Eng
    🍎 is shit

    Apple Eng

    🍎 is shitmore
    When u apply for the mortgage they'll only ask about salary/base tho
    May 1, 2018 1
    • Honeywell / Eng that1guy
      I understand that. But my question is more or less “should I factor in” rather than “can I”.
      May 1, 2018
  • Intuit Wumba
    I’m a chase private client. Chase bank considered my rsus. I have 1 single family and 2 investment condo properties in the south/east bay
    May 1, 2018 0
  • New / Design CasMeOusid
    I was at a company where employees bought cars and houses based on the value of their portfolio. When our company tanked we weren’t allowed to sell stock due to a blackout period, they were all screwed. Millionaire on Friday, zero on Monday.

    Don’t buy what you cannot afford.
    May 1, 2018 1
  • Facebook public
    Some banks will consider rsus once you have 2 years of history.
    May 1, 2018 0
  • Nutanix saySomethi
    This^^ rsu can double in value or tank. Make sure all your expenses are easily covered by base, RSU is bonus money
    May 1, 2018 0
  • Northrop Grumman / Eng Kolmogorov
    Congrats, were you at Honeywell in Seattle area? How long have you been there?
    May 1, 2018 0
  • Amazon AjlB80
    You can absolutely use bonuses and RSUs when applying for mortgages.

    There might be additional paperwork for you to prove that they're regular, though.
    May 1, 2018 0


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