First Time Home Buyer

What Mortgage Can I Afford On 80K

Contents Monthly debt payments Home affordability calculator Maximum price point Current mortgage rates X How much house can I afford – Calculation example. For an example calculation, lets use a $60,000 annual income, $250 in monthly debt payments, $20,000 to use as a down payment, property taxes of 1.25% of the property price you can qualify for and annual homeowner’s insurance premiums of about 0.5% of the value of the home. How the home affordability calculator works. This calculator uses these guidelines for determining how much house you can afford,…

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