How much of a house can I afford?
Good credit make alittle over 36,000 a yr.??? Ty
- LILLLv 77 years agoFavorite Answer
With no other debt and 20% down payment....$100,000.00-$110,000.00
- ?Lv 77 years ago
The most you can qualify for is a mortgage loan of 108k, 3 times annual income.
Thus if you have 50k cash then you can afford to buy a house priced at 150k. The other 8k is for closing costs.
- 7 years ago
Mainly a town house
- Anonymous7 years ago
Gotta save some for a rainy daySource(s): Reality