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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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โˆ™ 2007-09-18 04:16:57
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Q: What is the maximum mortgage i can afford on a 34000 per annum salary?
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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.


What is the monthly payment for a 34000 mortgage?

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.


Is 34000 a year a good salary?

It depends upon the currency you are paid in.


What is the average salary for Surgical Technologists in and around Pittsburgh PA?

Average salary is around 34000 a year.


How much do you make every 2 weeks if you have a salary of 34000?

You would have $68,000


What is 40 percent of 34000?

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


What is 85 percent of 34000?

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


What is 3 percent of 34000?

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


What is 20 percent of 34000 dollars?

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


What is 5 percent of 34000?

5% of 34000 = 0.05 x 34000 = 1700


How much is yearly salary for 17.00 an hour?

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.


What is ten percent of 34000?

10% of 34000 is 3400

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