browneyedgirl asked:


If I have perfect credit, no loans anywhere, no credit card debt or car payments, and want to and can pay $2,200 a month on mortgage (regardess of my income), and can afford $65,000 down payment inclusive of closing costs, and assuming a tax rate on real estate of 8% where I live, and I want a 30 year mortgage, what is the house I can afford at an interest rate of about 6%? Please do the math for your points, don’t give me a link.

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Nicole S asked:


just wondering….i know it depends on debts and that sort of stuff. there isnt too much debt or anything like that…we pay about 550 in car payments, and then all of our regular bills. our house payment now is 1200, but when we bought this home we put 0 down and had worse credit and were only making 40,000 per year. now im working and we are selling this place…we hope to put at least 10,000 down(not much, but were using the other money for a baby in the near future, and other bills). thanks!
by the way…im looking for a home price…like 200,00…etc….or a house payment you think i can afford
okay….im just wondering! i watch house hunters all the time and i see couples who have jobs as teachers(which I am), or secretarys buying homes that are 500,000! Im just wondering how figure out how much you can afford?

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Michelle M asked:


I’m trying to figure out how much house I can afford based on a certain income. It asks how much monthly debt I owe. Would I include car payments and insurance? I have zero credit card debt and zero student loan debt, so would I just put in zero??

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