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How much salary would I need to afford a six hundred thousand dollar home?
Wiki User
∙ 13y ago
Roughly 150k a year. Single/Combined. That would be probably a minimum.
Wiki User
∙ 13y ago
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What is the maximum mortgage i can afford on a 34000 per annum salary it used to be 3 and a half times your salary?
What you can afford and what you can qualfy for are totally different factors and many of today's defaults are due to decades of "alt a" loans. Person making $20,000 might qualify for $75,000, but the monthly payments will be almost double the monthly percentage of 25% they can reasonably afford. Rather than buying a house, try to find a home you can afford.
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