How much of a house payment can I afford? I make 60k and have low debt,?
December 6, 2008
First-time homebuyer seeks the truth-how much house can I realistically afford?
May 20, 2008
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.
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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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.