How Much House Can I Afford 150k Salary

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Once those things are done, buy whatever home you want as long as you can afford the resulting 15-year mortgage payment while still keeping the above items 1 through 3 in tact. Rules of thumb about home purchase price vs. gross income (or take-home income, or …

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Have you ever wondered what it would actually take to afford … for pretty much everyone, we would like to add — if you have the knowledge of strategies to save, invest, and navigate the buying …

Oct 10, 2013  · We make $150k and it would be very tight for us to afford a $400k house here. Taxes alone would be about $1k per month. … I’m not sure why a $220K house on a $150K salary is nuts? We have 2600 sq ft finished in a VLCOL area, and it was a move in ready forever home. … Income of 150K, how much house would you buy? gbcn. bnotb. book club

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We license calculators from CalcXML, who estimates how much house you can afford based on a few important items, including income, amount of money saved for a down payment, and monthly obligations …

How did Research Maniacs calculate how much house you can afford if you make $150,000? Research Maniacs checked with different financial institutions and found that most mortgage lenders do not allow more than 36 percent of a gross income of $150,000 to cover the total cost of debt payment(s), insurance, and property tax.

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Jun 29, 2013  · The old rules of thumb were 2.5 times your yearly income ($150K x 2.5 is $375). One weeks pay (gross) should cover principal, interest, and taxes $150/52 is about $2,900 per month for PIT. For our first few homes, we paid less then we earned per year.

To pay for college, her mother, a single parent trying to do the right thing, went to a local bank and took out a federal Parent Plus loan. “What we didn’t know was how much it would … I ask them, …

Here’s a quick way to calculate what you can afford to borrow and repay based on your income. When a lender looks at your mortgage … test yourself using a mortgage repayment calculator. work out how …

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