How do you figure out how much you can afford on a house?

May 29, 2008

how much house can i afford
asianator14 asked:


Hypathetically speaking: If I can gross 130000 dollars as an Air Trafic controller, could i afford a 399000 dollar house?

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Mortgage Calculator?

May 20, 2008

mortgage calculator
peterleewaih asked:


where to get mortgage calculator for housing loan with Malaysian context?

Kansieo.com

First-time homebuyer seeks the truth-how much house can I realistically afford?

May 20, 2008

how much house can i afford
COOPER999 asked:


I am 32 and make $64K annually. I have no debt whatsoever, not even a car payment (though I likely will at some point in the future once the one I own now clunks out). I have about $6K saved up (continually increases) and my 3 credit score average is 789.

Not making a big down payment bothers me-I don’t want to pay PMI, but I’ve heard about these 80/20 loans. Those in the know, what price range do you think I can comfortably, realistically afford? And what if I wanted to ‘push it’ a little and buy something a bit more expensive (though not risky)?

Thanks!

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How much house can my fiance and I afford? How much can we expect to be approved for?

May 14, 2008

how much house can i afford
billy asked:


Note this is actually 2 questions - the answers are not the same.
We’re looking to buy in the next 2 months.

73,000 gross income
585 monthly debt
credit scores are above 700
live in Ohio
have 11k to put down
taxes and insurance for the area we are looking are high - approx. 2.25% of the purchase price

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why will my monthly payment be higher quoted from mortgage company than from mortgage calculators on internet.

May 8, 2008

mortgage calculator
summer asked:


i got a quote of 7.75 interest rate on a 30 yr.conforming fixed home loan(for $45,000)and he told me it would be like 390 a month, not including tax and insurance. when i go to a mortgage calculator on the internet and type in 7.75%, 45,000 loan, and $0 down payment it says around $250 a month. can anyone tell me more about how this works, thank you

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