How much “house” Can I afford to buy?
Question by Greyt: How much “house” Can I afford to buy?
If I’m making $ 990 week before taxes, no car payment, no credit debt, very high credit scores, I pay $ 118month for cable/internet but I’m canceling that service. Car expenses come to $ 250 month with insurance/gas. I only have about $ 10,000-12000 for a downpayment. What can I afford? I have an appointment with a bank but they can only fit me in two weeks from now. I’d like to look at what I might be able to afford. (Go see open houses)
Best answer:
Answer by Bob D
just a rough estimate…three times gross salary. or about 150,000. Rough payment is about 900 a month including PMI.
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Categories: Insurance For House Tags: afford, Appointment, Cable Internet, Car Expenses, Car Payment, Credit Debt, Credit Scores, Downpayment, Fit, Greyt, Gross Salary, house, insurance, much, Open Houses, Rough Estimate, Service Car, Three Times
About how much would property insurance be on a new condo?
I am looking to buy a brand new condo in Jacksonville, Florida for about $138,900. How much would my property insurance be? I know a lot of factors determine the price, but a rough estimate would be nice. Also if anyone knows how to calculate this, that would be greatly appreciated. Thank You
The property insurance (OUTSIDE) for a condo is covered in your Home Owners Association. If you want to get insurance to cover your personal property (inside) you get insurance for your belongings which would be very inexpensive, maybe $2-300 per year. It’s the equivalent of renters insurance.