how much money per year do i need to make to afford a $600,000 house?
June 13, 2008
davidagalvan asked:
Say I’m looking for a 30-year fixed rate mortgage, and I can put $100,000 down.
Say I’m looking for a 30-year fixed rate mortgage, and I can put $100,000 down.
So I guess what I’m really asking is how much should my annual salary be to cover a $500,000 loan with a 30-year fixed interest rate of 6%? Or, is there a handy website that will allow me to calculate this?
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.