2603 Search Results
I Make $160,000 a Year, How Much House Can I Afford?
https://www.sofi.com/learn/content/i-make-160k-a-year-how-much-house-can-i-afford/
Making $160,000 a year could put you on track to purchase a home for around $480,000. But how much you earn is just one factor lenders look at when determining how much you can borrow for a home mortgage loan. Let’s take a closer look at calculating home affordability and other key considerations to answer […]
I Make $45,000 a Year, How Much House Can I Afford?
https://www.sofi.com/learn/content/i-make-45k-a-year-how-much-house-can-i-afford/
On a salary of $45,000 per year, you can afford a house priced at around $120,000 with a monthly payment of $1,050 for a conventional home loan — that is, if you have no debt and can make a down payment. This number assumes a 6% interest rate. These numbers change—sometimes dramatically—depending on a few […]
How Much House Can I Afford Making $150,000 a Year?
https://www.sofi.com/learn/content/i-make-150k-a-year-how-much-house-can-i-afford/
With a $150,000 salary, you could afford a home priced around $415,000-$430,000, assuming you have $20,000 saved up for a down payment and are carrying some monthly debt already, such as a car payment or student loan. This also assumes an interest rate of 7%. As you can see, your homebuying budget depends on more […]
I Make $90,000 a Year, How Much House Can I Afford?
https://www.sofi.com/learn/content/i-make-90k-a-year-how-much-house-can-i-afford/
Earning $90,000 a year puts you in a good position to afford a home priced at around $350,000, as long as you don’t already have significant other debts to pay. That’s good news considering the U.S. average home value these days is just above $342,000. But there are many variables in play that could adjust […]
I Make $70,000 a Year, How Much House Can I Afford?
https://www.sofi.com/learn/content/i-make-70k-a-year-how-much-house-can-i-afford/
One rule of thumb is that the cost of your home should not exceed three times your income. On a salary of $70k, that would be $210,000. This is only one way to estimate your budget, however, and it assumes that you don’t have a lot of other debts. The truth is that how much […]