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Amount of mortgage based on salary? | Yahoo Answers – · The amount of income to qualify for $500,000 mortgage would be the amount to equal 30% of the total monthly payment which includes the mortgage repayment (principal and interest), tax payment and insurance.
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How Much Can I Afford In Mortgage How much house can you afford based on salary? – BREAK FREE – A few years ago I looked into buying a house. I calculated what I could afford using monthly payments; I had a mortgage broker calculate how much I could afford using a different method.
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Mortgage Affordability Calculator – Estimate How Much You. – Mortgage Affordability Calculator Definitions. Annual Income Total amount of income earned yearly. Monthly Debt Also known as recurring debt, which includes car loans, student loans, minimum monthly payments on any credit card debt, and any other loans you might have.
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