How Much House Can I Afford 100k Salary Reddit If your annual salary is 100 000 the 30 rule means you should spend around 2 500 per month on your house payment With a 10 down payment and a 6 fixed interest rate you could likely
You can afford a house up to 229 813 Based on your income a house at this price should fit comfortably within your budget 1 837 mo Change what you can afford Adjust the four key factors that impact your affordability estimate and see how to reach your goals faster Explore your possibilities Explore more mortgage calculators Mortgage calculator Calculator Start by crunching the numbers Figure out how much you and your partner or co borrower if applicable earn each month Include all your revenue streams from alimony to investment
How Much House Can I Afford 100k Salary Reddit
How Much House Can I Afford 100k Salary Reddit
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How Much Mortgage Can I Afford With 150k Salary MortgageInfoGuide
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How much house can I afford This is what you can afford in 413 467 Your monthly payment 2 500 Affordable Stretch Aggressive Your debt to income ratio DTI would be 36 meaning Let s say your total monthly income is 7 000 Your housing payment shouldn t be more than 2 170 to 2 520
The table above used 600 as a benchmark for monthly debt payments based on average 400 car payment and 200 in student loan or credit payments The mortgage section assumes a 20 down payment on the home value The payment reflects a 30 year fixed rate mortgage for a home located in Kansas City Missouri Home Affordability Calculator How Much House Can I Afford realtor Know how much you can afford We ll help you estimate how much you can afford to spend on a home
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How we calculate how much house you can afford Our 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 payment and what your monthly debts or spending looks like This estimate will give you a brief overview of what you can afford Here s how that would look with a 100 000 salary Maximum Monthly Payment 28 of 100 000 is 28 000 Divide that by 12 and you get a monthly payment of 2 333 Maximum debt to income 36 of 100 000 is 36 000 or 3 000 per month allotted for non housing debt
We bought 410 with 10 down gonzochris 2 yr ago For 100K a year I would be comfortable with an all in monthly payment of 2K This would be payment insurance taxes and general maintenance Any more than that and I wouldn t sleep at night even that is pushing it We are currently looking Here s how that would look with a 100 000 salary Maximum Monthly Payment 28 of 100 000 is 28 000 Divide that by 12 and you get a monthly payment of 2 333 Maximum debt to income 36 of
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How Much House Can I Afford 100k Salary Reddit - Realistic how much house can you afford calculator Budgeting Looked at the sidebar didn t see this anywhere The vast majority of how much house can you afford calculators out there on the internet ask how much down payment you will make what your annual income is and what mortgage rate you ll have That s it