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How much of a house can I afford on a $60K salary? - reddit
- https://www.reddit.com/r/personalfinance/comments/sfpiqa/how_much_of_a_house_can_i_afford_on_a_60k_salary/
- The rule of thumb I read a LONG time ago (and as far as I'm aware, this hasn't changed even though the housing market has exploded) is that you can afford a mortgage that is 4-6 times your gross income as a MAXIMUM. So on your 60K salary, you can take on a mortgage of $240-360K.
How Much House Can I Afford Making 60K A Year? | Erecre Group …
- https://www.erecrerealestategroup.com/how-to-clean/how-much-house-can-i-afford-making-60k-a-year.html
- According to a basic rule of thumb, to determine how much house you can buy, multiply your yearly gross income by a ratio of 2.5 – 4.If you earn $60,000 per year, you should be able to purchase a property that costs between $150,000 and $240,000.It’s also possible to compute your monthly mortgage payments using the 28 percent – 36 percent formula, which is …
How much house can I afford with a 60k salary - Cain …
- https://www.cainmortgageteam.com/how-much-house-can-i-afford-with-a-60k-salary/
- A $60,000 salary equates to a mortgage between $120,000 and $150,000. However, this guideline is very conservative and usually exceeded by most homeowners. Lenders like PITI (principal, interest, taxes, and insurance) to be less than 28 percent of your gross monthly income.
Afford Kind House Of What Making Can I 60K - Greatriversmtg
- https://www.greatriversmtg.com/what-kind-of-house-can-i-afford-making-60k/
- Mortgage Type: The type of mortgage you choose can have a dramatic impact on the amount of house you can afford, especially if you have limited savings. FHA loans generally require lower down payments (as low as 3.5% of the home value), while other loan types can require up to 20% of the home value as a minimum down payment.
How much house can I afford with 60k a year?
- https://financeband.com/how-much-house-can-i-afford-with-60k-a-year
- How much do you have to make a year to afford a $800000 house? For homes in the $800,000 range, which is in the medium-high range for most housing markets, DollarTimes's calculator recommends buyers bring in $119,371 before tax , assuming a …
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