How much house can you afford on 40k a year?

+1 vote
asked Mar 17, 2018 in Real Estate - Renting by limner (240 points)
How much house can you afford on 40k a year?

If you make 40 K $40,000.00 a year how much house can you afford to buy?

1 Answer

0 votes
answered Mar 19, 2018 by Lilly21 (57,780 points)
If you make $40,000.00 a year then you should qualify for a home that has a home mortgage payment of $900.00 per month.

So you may be able to qualify for and afford a home that costs up to $140,000.00 when you make $40,000.00 per year.

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