answersLogoWhite

0

The maximum amount of house you can afford for 800 a month depends on factors like interest rates, down payment, and loan term. Generally, with a 30-year mortgage and a 4 interest rate, you could afford a home worth around 160,000.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Continue Learning about Finance

If you have a credit card with a 1000 limit. You plan to always pay your card off in full each month. What is the amount you can safely owe on your card?

The only 'safe' amount to owe - is whatever you can afford to pay off each month !


What is the Pay off amount on my house?

That amount should be on your mortgage statement each month. You can probably also get that number from your lender.


What is the maximum loan amount Magnum Cash Advance offers?

Magnum Cash Advance can offer a loan of $1,200. Or, the amount can be up to 30% of the take home pay that is put into a checking account every month.


How do you know how much rent you can afford?

This is a good question!! Generally you can afford the rent if you make at least that amount net (that's "take-home") per week. For example if the rent of an apartment or house is $600 per month, you should be making that amount every week. That's easier said than done for most low-income working people (for example, one who has a full time job making minimum wage). Most people under this category end up renting a room or sharing an apartment with a roommate.


How expensive of a house can you afford?

The best way to decide how much you can afford to spend on a house is to go to your banks website and find a mortgage calculator. You will need to figure out how much you spend a month on bills, food, and other expenses so that you are still able to pay them. Also, if you are looking at buying a house start saving for a down payment as this can affect your monthly payments. The bigger the down payment, the less your mortgage payments will be.How much house you can afford is based upon how much you make in a year along with other expenses. To figure out how much you have for a house add up all expenses used then subtract that from you total income.

Related Questions

If payments on a house cost 7 per month per 1000 borrowed and you think you can afford 700 for a payment how much can you borrow?

if you can afford 700 each month you can borrow 1000 x 100 = 100,000


If you have a credit card with a 1000 limit. You plan to always pay your card off in full each month. What is the amount you can safely owe on your card?

The only 'safe' amount to owe - is whatever you can afford to pay off each month !


What is the Pay off amount on my house?

That amount should be on your mortgage statement each month. You can probably also get that number from your lender.


If broke's salary is 25,200 per year what is the maximum amount per month she should spend on rent?

485 dollars.


Can you work while receiving social security disability If so, what is the maximum amount income allowed?

While receiving social security disability benefits, the maximum amount of additional monthly income allowed from working is $900 a month gross.


What is the maximum percentage of net spendable income that should be set aside for housing?

The maximum percentage of net spendable income that should be set aside for housing is 38 percent. It is important to choose housing that you will be able to afford to pay for each month.


Average amount spent on groceries in one month?

I would say about 900 - 1200 $ a month for food in my house... I am a college student living alone. I spend about $450 per month.


What is a forensic scientist maximum salary?

Starting Salary Maximum Salary. $ 2385-2753 / month $ 3361-5041 / month


What is the maximum loan amount Magnum Cash Advance offers?

Magnum Cash Advance can offer a loan of $1,200. Or, the amount can be up to 30% of the take home pay that is put into a checking account every month.


What month has the maximum number of birthdays?

December


What is the Maximum So?

4000 per month


How do you know how much rent you can afford?

This is a good question!! Generally you can afford the rent if you make at least that amount net (that's "take-home") per week. For example if the rent of an apartment or house is $600 per month, you should be making that amount every week. That's easier said than done for most low-income working people (for example, one who has a full time job making minimum wage). Most people under this category end up renting a room or sharing an apartment with a roommate.