How much house can I afford if I make 60000 a year?
How much house can I afford if I make 60000 a year?
The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000.
How much home loan can I get on 50000 salary?
50,000, you can avail a loan amount of Rs. 37.28 Lakh for the same property. … Home loan eligibility based on salary. Age Net monthly income (in Rs.)25,000 – 50,000 75,000 25 Years 18.64 lakh – 37.28 lakh 55.93 lakh 30 Years 18.64 lakh – 37.28 lakh 55.93 lakh 35 Years 18.64 lakh – 37.28 lakh 55.93 lakh 3 more rows
What is considered a good salary in the US?
On the other hand, a $50,000 average yearly income is good enough for people living in rural areas. Therefore, we can use this information to state that a good salary in the urban area ranges from $70,000–150,000, whereas a good salary in rural areas ranges from $50,000–$80,000.
