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How much is the salary you need to make to afford a house worth $ 400,000 ? Decide the monthly mortgage for 30 year loan,
How much is the salary you need to make to afford a house worth $ 400,000 ?
Decide the monthly mortgage for 30 year loan, assuming the monthly rate =5%/12 Calculate annual mortgage payment monthly mortgage payment * 12.
How much percentage income would you be comfortable to use for mortgage payment .
Annual mortgage payment /% of income for mortgage annual income.
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