How Much House Can You Afford With 100K Salary

The Technical Answer. This means that if you make $100,000 a year, you should be able to afford $2,500 per month in rent. Another rule of thumb is the 30% rule. If you take 30% of $100,000, you will get $30,000. Divide that figure by 12 (the number of months in a year) and the answer – surprise – is $2,500 per month.

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000. You also have to be able to afford the monthly.

How much house can I afford with a 100k salary? | Yahoo Answers – Best Answer: You did not provide enough information to get a complete and precise answer. If your earn $8,333 monthly ($100K/12). To qualify for a mortgage your Payment-To-Income ratio, also known as Debt-To-Income ratio should be 0.40 or 40% or less; with a very good credit score.

How much home can I afford if I make $90,000/year? – Use this calculator to calculate how expensive of a home you can afford if you have $90k in annual income. Make sure to consider property taxes, home insurance, and your other debt payments. What is the monthly payment of the mortgage loan? Below is a breakdown of the monthly payment, indicating.

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My wife and I make $200k annually. How expensive of a house. – Keep in mind interest rates are pretty good right now, so you could be paying in the low $5000s for everything if you buy a $1.2 million house. Low $4000s monthly on a million. With a 200k income you can qualify for a lot. Depending on where you live 1.2 million may be too much house.

Ask Farnoosh: How Much Car Can I Afford? – In fact, a Duke University study found that a house. you have some type of ratio as far as purchasing a car to make numbers easy? If I make $100K, how much car can I afford? A solid rule of thumb.

How much can I afford to borrow to buy a house with my salary?. But to get a rough idea of what you can realistically afford, you can look at: Your annual income;. $100k income. $100,000.

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I make 100K a year, have a credit score of 780 and no other loans and can put down 80K down. RE taxes are approx. 7K – How much house can I afford? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.