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What is the maximum mortgage i can afford on a 34000 per annum salary?

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2007-09-18 04:16:57
2007-09-18 04:16:57

The best situation would be to have a mortgage that is no more than 2.5 times your income. This is tough in today's market, but it will prevent your being house poor as time goes on. Also, with equity in the house you will save paying mortgage insurance and weather the ups and downs of the market with peace of mind. You can go to bankrate.com and play with the calculators on there to see how much the payments would be. I usually include additional money in my payment for insurance and property taxes so I don't have to come up with large sums for those things. The total of these payments should not be much more than 50% of your income.

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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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It depends on the interest rate and the length of the mortgage. For a 30 year mortgage at 4.5% the payment would be $172.27. If you can afford it, a 15 year mortgage at 4.5% would be $260.10 but would save you about $16,000 in interest.

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It depends upon the currency you are paid in.

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40 percent of 34000 = 1360040% of 34000= 40% * 34000= 0.40 * 34000= 13600

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85% of 34000 = 85% * 34000 = 0.85 * 34000 = 28,900

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3% of 34000 = 3% * 34000 = 0.03 * 34000 = 1,020

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6800= 20% of $34000= 20%/100% * $34000= 0.20 * $34000= $6800

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5% of 34000 = 0.05 x 34000 = 1700

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A common work year is about 2000 hours, so if you make 17 an hour your gross salary would be in the vicinity of 34000.

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Percent or Percentage is equivalent to hundredths. So, 7% of 34000 = 34000 x 7/100 = 2380

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There are 1000 metres in one kilometre. Therefore, 34000 metres is equal to 34000/1000 = 34 kilometres.

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There are 1760 yards in one mile. Therefore, 34000 miles is equal to 34000 x 1760 = 59840000 yards.

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Stop being so dumb search it up that’s what I did

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There are 1.609344 kilometres in one mile. Therefore, rounded to two decimal places, 34000 kilometres is equal to 34000/1.609344 = 21126.62 miles.

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i dont know monthly but yearly its 34000 to 60000do the math34000 to 60000 divided by 2thts the answershould of looked on google

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There are approximately 34000 cities in the world!

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4 percent of 34,000 is 1,360.

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It represents hundreds, tens and units.

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34000 centimeters in 340 metres

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my rank is 36000 gen which college i get

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It is approx 3159 sq metres.


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