# Question: What House Can I Afford On 70k A Year?

5.

The Dave Ramsey Mortgage

Gross IncomeMonthly Take-HomeMaximum Monthly Payment
\$50,000\$3,125\$781
\$60,000\$3,750\$937
\$80,000\$5,000\$1,250
\$100,000\$6,250\$1,562

4 more rows

## What mortgage can I afford on 70k salary?

So if you earn \$70,000 a year, you should be able to spend at least \$1,692 a month — and up to \$2,391 a month — in the form of either rent or mortgage payments.

## What can I afford making 70k a year?

If you have a family, not a whole lot but you can get by. It really is dependent on the three biggest costs: housing, car, and food. For housing, someone making \$70,000 could afford to spend up to \$2,000 a month on housing. For housing, someone making \$70,000 could afford to spend up to \$2,000 a month on housing.

## How much house can I afford making 75000 a year?

If you receive an annual salary, divide it by 12 to estimate your gross monthly income for that job. For example, if your annual salary is \$75,000 per year, your gross monthly income would be \$6,250 (\$75,000 divided by 12).

## How much do I need to make to afford a 450k house?

A \$450,000 loan for 30 years at 4% would cost about \$2150/month. With taxes and insurance it’d be around \$2650/month. Assuming no mortgage insurance and \$2650/month as the payment, you’d need to make \$102k per year. A lender will let you use about 31% of your gross income for a monthly payment.