2007-08-03 01:41:08 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
no problem!! I currently pay £875 / month (1268 euros) on my mortgage (this amount excludes bills) and I pick up (after tax etc) £1460 / month (2117 euros) which equals 60% of my wage, yours would be 47% of your wage!!!
I'd say you'd be ok !! go for it!!
good luck
John.
2007-08-03 02:10:12 · answer #1 · answered by John H 3 · 0⤊ 0⤋
is that income before or after tax? If before it'll be a bit tight, as your net wage would be about €2600, if after, you should be grand.
They are introducing increase mortgage relief soon, so we all should be like €100 better off, but every bit helps, especially with all the interest rate hikes we've had lately!
2007-08-03 08:47:57 · answer #2 · answered by Christine 6 · 0⤊ 0⤋
In the US we have a rule of thumb that says that housing costs shouldn't be more than 40 Percent of your monthly income. Your figure would be 47 percent, a little high.
2007-08-03 08:47:04 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
in the USA, your mortgage payments should be 36% or your gross pay or less - your's is higher
2007-08-03 08:46:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋