The amount of money you need to make to buy a 300k house depends on several factors, including your down payment, interest rate, and other debts and expenses.
Assuming a 20% down payment ($60,000), a 30-year fixed-rate mortgage with an interest rate of 3.5%, and no other major debts or expenses, you would need an annual income of around $85,000 to afford a $300,000 house. This estimate is based on the general rule that your monthly mortgage payment should not exceed 28% of your gross monthly income.
However, it's important to note that there are many variables that can affect how much you can afford, such as your credit score, employment status, and location. It's a good idea to consult with a financial advisor or mortgage lender to get a more accurate estimate based on your specific situation.
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