0 votes
How much house can I afford if I make 40000 a year?

1 Answer

0 votes
Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage -related payments at 28% of gross income is $933. ($ 40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)
Welcome to our site, where you can find questions and answers on everything about renting houses, apartments, villas, flats and other property in many countries
...