How much house can I afford? – ConsumerAffairs – How much house can I afford? Including your mortgage, your monthly debt payments should not exceed 45 percent of your total income. With that in mind, important factors to consider when setting.

How Much Money Do You Need to Buy a House? – How much money do you need to make to buy a house? The average monthly mortgage payment for homebuyers who have bought a house fairly recently is around $1,500. So, if your gross income is at least $66,000, you could make buying a house possible.

How Much of a Down Payment Do You Really Need to Buy a House? – Want to buy a home but don't have the 20 percent down payment?. down payment or closing costs (usually about 2% of the home price).

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Save for a home: Here's how much money you need for a house – Mic – But many people actually need a lot less for their down payment.. It's easy to get overwhelmed by the mountain of money a house costs, said.

First-Time Home-Buyers: How Much Do You Really Need to Save. – That’s based on an initial savings of $30,000, used as a down payment on a $300,000 house.. The average amount is 3% to 6% of the price of the home. Given that range, it’s a wise idea to start.

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Down Payment Calculator – How much should you put down? – Now, though, the tide has turned again and low- or no-down payment home buying appears to be back. 3.5% is usually the minimum down payment on a mortgage, but there are several choices for buyers without much cash on hand.

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How Much Should You Spend on a Car? – cars.usnews.com – Many buyers first decide on the car they want and let that dictate a monthly car payment, or they let a car dealer help them determine how much they can afford.

Use Credit To Cover Down Payment Costs What Is the Average Down Payment on a House? | Home Guides. – The Average. A down payment of 20% or more reducing the need for expensive Private Mortgage Insurance (PMI). PMI is there to insure that the lenders funds are protected should a buyer no longer make the mortgage payments. Thus a down payment in Silicon Valley where home prices are often more than a million dollars may be $200,000 or more.