I know...I know... there are a lot of other variables ivolved. However, if you had to give a straight from the hip answer about this question, what would you say? On average, how much per year does a guy have to earn if he wants to live in a house worth $300,000?
2007-02-25 04:05:01 · 7 answers · asked by Jumpin' Jack Flash 1 in Business & Finance ➔ Renting & Real Estate
If you would guarantee that you were going to move there and leave us all alone and in peace, I'm sure we could have a whip-round to save you worrying about it too much
2007-02-28 03:27:04 · answer #1 · answered by Anonymous · 0⤊ 1⤋
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2016-12-17 18:35:44 · answer #2 · answered by forgach 4 · 0⤊ 0⤋
300,000 house after a down payment would cost you about $2300 a month for P+I Tx + Ins. You should be earning about 100 k a year.
2007-02-25 04:20:37 · answer #3 · answered by zocko 5 · 0⤊ 0⤋
Depending on the interest rate, taxes and insurance, and existing obligations. A typical borrower ca borrow 3-4 times his/her annual income.
2007-02-25 04:13:25 · answer #4 · answered by Homer J. Simpson 6 · 0⤊ 0⤋
Well, figure that your payment should be no more than 40% of your income, and figure that out. That way you'd be safe to have money to live on. (And this is what a bank will look at).
2007-02-25 04:14:15 · answer #5 · answered by karenhar 5 · 0⤊ 0⤋
I found this link by my hip go see
Mortgage Calculators – Includes finding if you will qualify for a mortgage:
http://www.mortgage-x.com/calculators/Pre-Qualifier.htm
Buena Suerte
2007-02-25 04:30:55 · answer #6 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
It all depends on how many years, intrest rates, etc. Give me a call sometime if you would like a free pricing.
2007-02-25 13:36:03 · answer #7 · answered by Phil H 2 · 0⤊ 0⤋