was wondering if you make 70,000 to 80,000 How much home can you afford?
I live at home now saving. I'm a college student! My major is health service management. I want to go occupational therapist school. the only debt I will have when I buy a house is my student loans. So how much can you afford with that income. I'm a saver too.
Depends, here in Reno you can get the biggest trailer, any park has ever seen.
Maybe around a couple hundred thousand dollars, but depends on a number of things. Figure you'll need 20% for a down payment for a conventional mortgage, plus several thousand dollars for closing costs.
I highly recommend that you NEVER spend more then 25% of your gross income for mortgage. If you are renting I say only 20% and SAVE the other 5-10%.. So, with an income of 70,000, you should spend NO MORE THEN 1460 a month for a mortgage. A 1460 payment = around a 225,000 mortgage PLUS your down payment = price of house.
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