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Agreed. Even two bank tellers earning k each can afford a $600k house. Two police officers or two teachers earning $95k each can afford a $1 million plus house these days.
They were both engineers. Over time, they managed to save around 70 percent of their income. Of course, that’s more feasible when you’re making six figures than if your household income is closer to.
Looking to purchase a $600k house in MoCo with 15% down. HHI – $250k Childcare – 1k/mo (one child, maybe one more in the future) Car – $500/mo (will be paid off next year). Yes. i make half your income and easily afford my 600k house.
Such stupid, nonsensical, unhelpful answers. Of course it depends on credit and the like. But the same people who say they can’t give a definite answer, would say absolutely no, if I said I have a 600 credit score or no down payment or 65k household income and looking for a 600k loan.
Re:What sort of income and deposit for a 400-500k house? 2010/01/25 19:24:26 0 The biggest problem with having a fatass mortgage is if you suddenly lose your income – 3k a month just on a mortgage repayment seems like an awful lot when your income suddenly dips to nil.
35 years old married w/ about $1m in assets. $600k in cash and around $400k in retirement account. Looking to live the retiree lifestyle soon and looking for passive income. Currently reside in NC but will probably be moving to FL or TX. Best way to use the $600k in cash to fund our lifestyle? How much would it bring in?
Redfin’s Home Affordability Calculator will help you figure out how much house you can afford by using your income, down payment, monthly debt and current mortgage rates to search current real estate listings in your expected price range.
Borrow wisely and learn about what costs you should expect when buying a home to better determine how much house you can afford with help from U.S. Bank. Asking how much house can I afford? U.S. Bank can help you learn what costs you should expect when borrowing for your home mortgage.. Your income, credit history.