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The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000. You also have to be able to afford the monthly.
Maybe as much as $70,000, if we bought a house in City Heights. show up at Community Housing Works and make Tony talk to us. M thought that Tony might be stalling us because M hadn’t yet completed.
How Much Mortgage Can I Afford? Even though Martin can technically afford house #2 and Teresa can technically afford house #3, both of them may decide not to. If Martin waits another year to buy, he can use some of his high income to save for a larger down payment.
the monthly income to afford renting a house is $8,313, followed by Hawaii at $7,806 and New York at $7,223. HowMuch.net In contrast, in several states in America’s heartland and in the South, a.
How much house can you afford? If that question is on your mind, you’re in good company. The fall buying market is here, and the housing market remains strong across most of the country. home prices continued to climb in December, rising 4.7% year-over-year nationally, according to CoreLogic’s.
How much house can I afford with my salary? This page was made for people making $70,000 a year and want to know how much house they can afford. If your yearly salary is different, check out this page. Don’t waste your money! Make your $70,000 go further! We have lots of good tips on how to NOT waste your money.
If you are single, you can afford quite a bit. If you have a family, not a whole lot but you can get by. It really is dependent on the three biggest costs: housing, car, and food. For housing, someone making $70,000 could afford to spend up to $2,
In Modesto you’ll get a great house for $1500. In San Francisco you will get one room in an apartment for $1500. A house will cost $4000 a month or more. So the answer is pretty much dependent on the location. You can use Craigslist to find local rents in the area you want to live in. Places like the SF Bay are extremely expensive to live in.