DollarTimes’s calculator recommends that buyers bring in $119,371 before tax if they are looking at homes in the $800,000 range. This is in the medium-high range for most housing markets. The monthly mortgage payment is estimated at $2,78 4 Mar 2021
How much house can I afford making $70000 a year?
On a $70,000 income, you’ll likely be able to afford a home that costs $280,000–380,000. The exact amount will depend on how much debt you have and where you live — as well as the type of home loan you get. 8 Aug 202
What mortgage can I afford on 75k salary?
You should start with the 28/36 rule if you want to make sure that your monthly mortgage payment does not exceed $1,750. Your total monthly debts should not come to more than $2,250 if you are making $75,000 each year.
What does a 800 credit score get you?
An 800-plus credit score indicates to lenders that you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.
How much can I borrow with a 800 credit score?
You can borrow over $100,000 with an 800 credit score if you get a mortgage or a home equity loan. Keep in mind, the exact amount of money you will get depends on other factors in addition to your credit score, such as your income, your employment status and even the lender.
If you have an 800 credit score, you may be able to borrow over $100,000 through a mortgage or home equity loan. However, the exact amount you can borrow will depend on other factors as well, such as your income, employment status, and the lender you use.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.