Posts Tagged "230000"

How much of a house can I buy if I make about $230,000 to $300,000 a year?

on Feb 25, 2013 in FHA Information | Comments Off on How much of a house can I buy if I make about $230,000 to $300,000 a year?

Question by paiige_peaace27: How much of a house can I buy if I make about 0, drugs 000 to 0,000 a year? Based on Prices & Square Footage, if I get a 15-year fixed rate In Indiana Illinois Florida New Jersey California Hawaii Thanks Best answer: Answer by My Take on ItJust Google “mortgage calculator” Most sites will have a section that can calculate how much house you can afford. Doesn’t matter what state you buy in. Also, there is a HUGE difference between making 230k and 300k a year. If you go by the 300k a year figure, you *may* be able to afford a house up to 900k. Depends on your debts, credit and interest rate you get. Also, you are going to need a hefty down payment if you want to go the max of what your income can supposedly afford. You cannot get an FHA loan on a 900k house unless you are putting almost 500k down. You would have to do a conventional loan which is going to want 20% or more down. That’s almost 400k. What do you think? Answer below! How much of a house can I buy if I make about $230,000 to $300,000 a...

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Q&A: How much of monthly rent would I be paying with a 230,000 FHA loan?

on Jan 21, 2013 in FHA Information | 3 comments

Question by Clueless~: How much of monthly rent would I be paying with a 230, more about 000 FHA loan? State is California, I know there is a mortgage insurance also added so I know it would be more then the usual, any good info? Ok, I can’t stand smart ass replies like the ones below. RENT is RENT regardless if you are buying or renting. it’s for a 30 year loan. Best answer: Answer by AriareadYou would pay ZERO rent. As the owner you pay mortgage company Principle, Interest, PMI, property taxes, homeowner’s insurance then you also pay Sewer, Water, Hot Water, Trash pickup Not knowing the interest rate or years of loan no one can estimate your monthly payments Know better? Leave your own answer in the comments! Q&A: How much of monthly rent would I be paying with a 230,000 FHA...

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