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Reddit how much house can i afford

WebOur home affordability calculator estimates how much home you can afford by considering where you live, what your annual income is, how much you have saved for a down … WebJul 12, 2024 · Monthly debt: $750. Credit score: Excellent (720-850) After plugging in these numbers, HomeLight estimates that you can afford a home that costs $173,702, with monthly payments of $1,350. Let’s break …

How much home can I afford? : r/personalfinance - Reddit

WebI'd look less at the home price vs how much you can borrow. Borrowing $250k at a 5% rate is about $1,350 on a 30 year for P&I. Assume another $400-ish for taxes, insurance, etc and you'd have a $1,750 payment. That's about 25% of your net pay if we only look at the $85k you make since you expect to become a one income household. WebHow much house can I afford $180k income. 180k household income. Live in the south. Currently have a stupid low mortgage sub $500/m. Want to move and get a larger house … cw flash savitar https://cedarconstructionco.com

Realistic "how much house can you afford?" calculator? - Reddit

WebI currently bring home between $4000-6500 a month (average is right at 5k so far this year) depending on if I work and extra day each week. $4000 would be the minimum (only working 40 hours weekly) My current monthly expenses are roughly $3500. I have no debt in a sense. Car is payed off, school loans payed off. WebYour overall monthly payments which included household expenses, mortgage payment, home insurance, property taxes, auto loans and any other financial considerations. How … WebHow much house can I afford $180k income 180k household income. Live in the south. Currently have a stupid low mortgage sub $500/m. Want to move and get a larger house but not sure what a comfortable mortgage payment would be per month since ours is currently so low (scary to 5x or more our mortgage). Only expenses are $550 car payment. cheap freeride longboards

How much house can I afford? - NerdWallet

Category:Can I afford this house? : r/personalfinance - Reddit

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Reddit how much house can i afford

How much house can I afford? - NerdWallet

WebHere's my financial situation: My monthly income after taxes is around $4k. I receive a bonus of $8-10k every quarter (every 3 months) I'm in sales. I've been approved for a $386k … WebHere's my financial situation: My monthly income after taxes is around $4k. I receive a bonus of $8-10k every quarter (every 3 months) I'm in sales. I've been approved for a $386k mortgage loan. My fiance owns a house, and if we sell it, we should gain $100-130k/profit (equity) after taxes and fees. We're trying to keep our monthly payment low.

Reddit how much house can i afford

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WebHere are my details: Salary before taxes: $86K Down Payment: I have 25k cash to put down. I’m a first-time home buyer with 0 debt. My car and college are paid off. I have great credit … WebMay 18, 2024 · Reddit Anum Yoon . May 18, 2024 Mar 16, 2024 3 min read. ... How to Determine How Much House You Can Afford 1. Look at Your Income. Whether you’re …

WebDec 21, 2024 · While 43% is the highest DTI that borrowers can typically have and still qualify for a conventional mortgage, most lenders prefer borrowers with a back-end ratio of 36% or lower. Down Payment The... WebHow much house is reasonable How do I know how much house I can afford. Close to 100k household income and low credit scores (680s) Vote 2 comments Best Add a Comment [deleted] • 4 min. ago okie9999 • 2 min. ago 25% rule. Your mortgage shouldn’t be more than 25% of your monthly take home pay. More posts you may like r/personalfinance Join

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WebJan 20, 2024 · If you’re an aspiring homeowner, you may be asking yourself, “I make $70,000 a year: how much house can I afford?” If you make $70K a year, you can likely afford a …

WebInterest rates have a huge effect on what you can afford. I'm looking at houses now and I can comfortably afford another home at 550k, at 5.5% interest, had I done this 5 months … cheap freeride framesWebMay 18, 2024 · Buying a home—or more than one—is a key component of the American dream. Most first-time home buyers will go to the bank and take out a mortgage without considering how much money they have available to invest in real estate first. Let's take a closer look at what you need to consider. cheap free run 5.0WebFeb 16, 2024 · For a full service move across the country by a moving company, expect $10,000-20,000. So a rough estimate for how much you'll need immediately for a … cw flash runningWebAug 7, 2024 · To afford a house that costs $600,000 with a 20 percent down payment (equal to $120,000), you will need to earn just under $90,000 per year before tax. The monthly mortgage payment would be approximately $2,089 in this scenario. (This is an estimated example.) How much income do you need to buy a $650000 house? cw flash showWebWith that magic number in mind, you can afford a $305,000 home at a 5.35 percent interest rate over 30 years. But you’d need to make a down payment of 20 percent. How does the amount of my down... cw flash skinWeb245k gross income $1m list price on new construction house in HCOL area 15% down payment ~5.8% 30-year fixed jumbo rate Mortgage w/ taxes, insurance… cw flash starWebCan I afford this house? 245k gross income $1m list price on new construction house in HCOL area 15% down payment ~5.8% 30-year fixed jumbo rate Mortgage w/ taxes, insurance, and PMI: $~6100 (30% of gross income) Only other debt is single car payment - DTI ratio is 32% Secure job (own a business) with good prospects for growth $30k … cheap free renters insurance quote