This is what you can afford in.For the average $450,000 home in the u.s., that's at least $13,500.
Americans have a specific annual income in mind for what it would take to feel financially secure, according to a new survey from bankrate.To comfortably afford that mortgage in west virginia, a household should make about $47,405 annually.As mortgage rates remain elevated, adding fuel to one of the most unaffordable housing.
The 28/36 rule suggests spending no more than 28% of your gross monthly income on housing, and total debt shouldn't surpass 36%.To figure out how much home you can afford with our calculator, enter your gross annual income and total monthly debts, choose a down payment amount and select a loan term.
Typically, the recommended amount is 20% of your purchase price.As noted above, one basic rule of thumb is to spend no more than about a third of your income on housing — and ideally even less.This spreads out your mortgage over a longer period of time, which makes the monthly payments smaller and more affordable.
If you qualify, you may be able to pay one or more points to lower your interest rate.2024 august 9, 2023 by david weliver.
What kind of house can i afford with $80k a year?If you assume the $600 is not included in your $80k you're at 57%.Using the 28% to 30% rule, your ideal maximum monthly payment shouldn't exceed $1,866 and $2,000.
Learn how to calculate how much house you can afford before hitting that open house or applying for a mortgage.If you make $80,000 per year, you can afford a house anywhere from $200,000 to $320,000.
Last update images today How Much House Can I Afford With 80k Salary
Canes Retool Defense, Re-sign Slavin, Add Walker
The Golden State Warriors are signing De'Anthony Melton to a one-year, $12.8 million deal on the midlevel exception, sources confirmed to ESPN on Monday.
A versatile defender who is also a career 36.9% 3-point shooter, Melton helps the Warriors fill out two areas they had prioritized entering the summer: more shooting and improved defense, particularly on the perimeter.
With the departure of longtime Warrior Klay Thompson and the release of 19-year veteran Chris Paul, Melton also provides some backcourt depth.
The 26-year-old guard could fit as a backup point guard to Stephen Curry while also finding ways to play next to him -- something Paul struggled to do in his one year with Golden State.
Melton was a key reserve in Memphis in the 2021-22 season before being acquired by Philadelphia that offseason; He has largely operated as a starter for the 76ers over the past two seasons.
He averaged 11.1 points in 38 games this season for Philadelphia before ongoing back issues caused him to miss the vast majority of the year.
The Athletic first reported Melton's deal with Golden State.
ESPN's Tim Bontemps contributed to this report.
