If cash isn’t an issue, you can go ahead and put 20% down right away on a $300,000 home. That’s $60,000 out of pocket, which will earn the lowest mortgage rate and help you to reduce both your monthly mortgage payments and your total interest costs.
How much is a $300000 house a month?
Your monthly mortgage payment on a $300,000 mortgage at a 4% fixed interest rate would total $1,4325 a month if you had a 30-year mortgage, while a 15-year mortgage would cost $2,2106 a month.
You would pay $1,4325 a month for a 30-year mortgage and $2,2106 a month for a 15-year mortgage, if you had a 4% fixed interest rate on your $300,000 mortgage.
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.
You can borrow over $100,000 with an 800 credit score if you get a mortgage. The amount of money you get will depend on other factors, such as your income, employment status, and 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 precise amount you can borrow will depend on other factors, such as your income, employment status, and the lender.
How much house can I afford for $1800 a month?
800$ and 0$ down payment can afford you a maximum house price of 300,826$ with these loan terms.
What mortgage can I afford on 80k salary?
If you make $80,000 a year, you should be looking at homes priced between $240,000 to $320,000.
To further limit this range, figure out a comfortable monthly mortgage payment by taking your monthly after-tax income, subtracting all current debt payments, and then multiplying that number by 25%.
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.