How Much Is Mortgage On A 500K House

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500,000 mortgage – can anyone give me an idea what the. – We got a 500k mortgage and the payments varied from 4.23k at first down to about 3k at the moment, but we always massively overpay ours, which will have taken 11 yrs by the time it’s paid off in a couple of months.

How Much Vacation House Can You Afford? – Lenders know that people are much more likely to default on a vacation house or skimp on maintenance. You’ll need a down payment of at least 20 percent and possibly more-maybe up to 50 percent. Your.

4 Different Rules of Thumb For How Much House You Can. – Updated. Buying a house is always an exciting yet terrifying time. Deciding on how much we can “afford” is often limited by how much someone will lend us.

Can I afford a 500k house? (real estate, lease, mortgage. – I would look in the 350k range, as I think it is a much safer move. With a 150k down payment, that should be cake to pay off in 7-10 years at the salaries you mentioned. That would not be very realistic on a 500k house with kids imo.

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How much mortgage can you really afford? Mortgage Costs for a $500,000 Home – Amortization Table – Here are the monthly payments for a $500,000 home loan based on a down payment and current mortgage rate averages from Freddie Mac as of March 7, 2019.. Considering that fact, here are the minimum required monthly incomes you need to afford this house based on your down payment. Down Payment.

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Why you shouldn’t pay off your mortgage sooner: a loan officer’s perspective. – In total, Russell was able to save $1,500/month with this new loan from how much. of $500k on his mortgage. Ten years after that (once his mortgage is paid off), he’d have an investment worth.

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A 500,000 house on a 150,000 salary? | Yahoo Answers – A 500,000 house on a 150,000 salary?. the areas that i have reasearched that the more expensive homes are the first to be reducing the price. so if you buy a 500k house now- in 6 months it will be worth 410k.. Now, getting a mortgage for this house on a $150,000 salary would.

how much money do I need to make to afford a $500K home. – to afford a $500k mortgage, you would need combined income of about 150,000. monthly payment depends on int rate and term, plus 1/12 of real estate taxes, mortgage insurance and homeowners insurance if you get all those rolled into the mortgage.