WebJan 20, 2024 · Someone who earns $70,000 a year will make about $5,800 a month before taxes. One-fourth rule: Spending 25% of $5,800 on housing would mean a total monthly payment of about $1,450. One-third rule ... WebPutting 5% down costs you 12,500. Putting 20% down costs you 50,000. If you're buying in the 250k range there's a good chance that 37.5k could take another 2 years to save up for. At average growth rates in an average state, you're …
13657 N Newcastle Dr, Sun City, AZ 85351 MLS# 6514156 Redfin
WebFeb 7, 2024 · How much do I need to make to afford a $350,000 house? As a general rule, your mortgage payment shouldn’t exceed one-third of your monthly income. So with a … WebApr 11, 2024 · What's the monthly payment of a $350,000 loan? ... insurance, and home maintenance to determine if you can afford the house. Speak with a local lender to understand any extra costs associated with the closing. This can vary greatly by lender so it's best to compare the overall costs and not just the interest rate. ... 350k over 15 years … high street ventures comox
How Much House $350K Can Buy in Major U.S. Cities – ISN
WebJul 12, 2024 · Monthly debt: $750. Credit score: Excellent (720-850) After plugging in these numbers, HomeLight estimates that you can afford a home that costs $173,702, with monthly payments of $1,350. Let’s break down how everything factors in: Debt-to-income-ratio: 36%. Safety-net (months): 3.7. Mortgage payment: $791. WebBigger down payments are better. You can often qualify for a mortgage with as little as 3.5% down. But, unless your down payment is at least 20%, you will likely have to pay … WebApr 11, 2024 · Most low-down-payment mortgage loans require putting at least 3% of the home value down. As an example, if the home value is $180,000, a 3% down payment would be $5,400. But the more you pay up ... high street vacuums and electrical