110k income, can I afford a 500k house? : personalfinance – Housing 110k income, can I afford a 500k house? (self.personalfinance) submitted 3 years ago * by pfhousethrowaway. Hi PF! I did some research and I see that the normal suggestion is that you shouldn’t get a house/mortgage more than 3x your income, so I know I am going a bit over my suggested.
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WIll I qualify for a 500k home if my income is 120k? If not, what can I qualify for? What is the minimum credit score required? 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.
110k income, can I afford a 500k house? : personalfinance – That brings the mortgage on a 500K house to 400K. So while it is maybe reaching a little, I don’t think it is impossible, especially with the potential for salary increase. Also, given that you save 2/3 of your income right now, I think you would have the room to be at the higher ranges of suggested housing costs.
Color of Money Live: Working towards the 401k millionaire club – Our emergency fund leaves a lot to be desired (3 months’ income) but at least we know we will be okay. While I am not in the top category, I’m in the $500K+ group. I maxed out my contributions (and.
Minimum Annual Income to afford a 400-500K Condo | StreetEasy – Minimum Annual Income to afford a 400-500K Condo Started by pretzel_nyc. about 9 years ago. Posts: 20. The bottom line is, assuming a standard 20% down payment and 30-year fixed mortgage, on his 0k income pretzel would be able to afford a $300K co-op.
What's the gross monthly income needed to be eligible for a. – for a loan amount of 500k 30 years fixed, the monthly mortgage would be around 2.5k. What i want to know is what would your gross income per month have to be for you to be accepted for a loan this amount?