WebI went through my local housing authority and used the mortgage company they work with to qualify for a special grant where they pay my down payment up to $5k. I did have to pay about $1500 in inspection fees (home, hvac and pest) and the mortgage application fees. WebWith 20% down on a $500,000 house, a 30 year fixed rate loan at 4.8% would give you a house payment (including tax and insurance) around $2800 per month. That means you’d …

This Is the Salary You Need To Afford the Average Home in Your …

WebHow much money do you need to save to buy a condo? Homes priced $500,000 or less require a minimum of a 5% down payment.As an example, a home valued at $400,000 would require $20,000 as its down payment. WebUse our closing cost calculator to estimate your total closing expenses for purchasing a home Loan amount Purchase price * $ $60,000 - $2.5 million Down payment Down payment amount Total loan amount ($60,000 - $2.0 million) Loan options 1 Loan term Loan type Property ZIP code * Lookup Calculate ponthoux

How Much House Can I Afford? Calculator Money

WebApr 18, 2024 · The median home price in Cleveland is just under $70,000, less than a third of the national average as of 2024. For $500,000, you can buy an enormous 5-bedroom … WebAug 13, 2024 · With your monthly household expenses amounting to $3,442 this means the required minimum income for a 500K mortgage under the Stress Test is $130,000 per … WebAug 13, 2024 · With your monthly household expenses amounting to $3,442 this means the required minimum income for a 500K mortgage under the Stress Test is $130,000 per year. This could also be two salaries of $65,000 per year. $130,000 ÷ 12 = $10,833 $10,833 x 0.32 = $3,447 Expenses $3,442 < $3,447 GDS ponthus eric