How much do we need to make to afford this house?
February 8, 2008
Lauren M asked:
We are interested in a house that we think we can get for $275k. We would put 20% down and have a 220k mortgage. This will be no problem with our dual salary, but we’re thinking that I will stay home when we have kids in a couple years. What salary do you think is appropriate for a 220k mortgage? We need to know what my husband would have to make.
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We are interested in a house that we think we can get for $275k. We would put 20% down and have a 220k mortgage. This will be no problem with our dual salary, but we’re thinking that I will stay home when we have kids in a couple years. What salary do you think is appropriate for a 220k mortgage? We need to know what my husband would have to make.
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Is there a web tool which can help me figure out how much house I can afford?
September 18, 2007
tentoes asked:
For example, I want to see if I can afford a home that costs $300,000 (I live in So. Cal) - or, if based off my salary what I can afford.
For example, I want to see if I can afford a home that costs $300,000 (I live in So. Cal) - or, if based off my salary what I can afford.
Thanks.
jen - that link didn’t work.
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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.