What Can I Afford With My Salary

My friends tell me I’m gonna have a tough time with that salary in NY. Does anyone know what I can realistically afford in terms of rent while still being able to save and have fun in the weekends. I really want to live alone. My current roommates are great but I prefer alone time and would like a place to escape from everything.

Enter your annual income and the Mortgage Qualifying Calculator will determine the maximum purchase price you can afford and the associated monthly payment. enter the purchase price and the calculator will tell you the income you need and the monthly payment required.

My son was accepted to a college he can’t afford. Here’s the story of how we handled it.

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The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000.

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 · Hi Jim! I am in similar situation, after 1 year on IVA plan my payments have gone up from £80 to £350! I called all my creditors and they are happy for me to stop the IVA and pay them as much as I can afford (accounts are closed and no interest will be added).

How Much Car Can I Afford?. Then there are some frugal personal-finance gurus who say you should spend no more than 10 to 15 percent of your annual income on a vehicle purchase. Pretax, post.

Home buyers wondering how much home they can afford. mortgage lenders pay a lot of attention to the annual income of the borrower to.

How Much Rent Can I Afford Formula: To determine how much rent you can afford, a general rule of thumb is to divide your annual salary by 40. So the amount of rent you can afford = salary / 40

The rent you can afford on a salary of $50,000-or any salary, for that matter-is not the same as the amount for which you qualify. Qualification is often based on a rule of thumb, such as the.

Calculate how much house you can afford with our home affordability calculator that factors in income, taxes and more to find the best mortgage for your budget and.