How Much Mortgage Can I Afford? How to Calculate

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Title	:	How Much Mortgage Can I Afford? How to Calculate
Lasting	:	5.54
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Views	:	79 rb

What if you are exempt from paying taxes Do you have to be fully funded for whatever the loan requires only to get it refunded months later
Comment from : Paul Harper

Dave Ramsey says 30 of your NET income -- not gross!!!
Comment from : IDONTKNOW

My wife and I have 14800 gross monthly income We have zero debt How much mortgage can we afford
Comment from : Muthoni wa Muthoni

Ramsey's recommendations are based on net income, not gross income 25 to be exact
Comment from : Cody Ham

Dave Ramsey says 25 of take home not gross
Comment from : A Font

30 of your gross income ends up being like 50 of your net
Comment from : Bent Kor

Hi I think monthly gross income is fake income due to the fact taxes take a good portion of your monthly income I like to use net income since it shows the actual income I take home What percentage of your net income should go towards the mortgage? Thanks
Comment from : Mosus Josay

Your videos are great! I'm curious I've been doing deliveries on the side since Aug of 2020 and that is on my taxes at my regular job I only make like 2 grand gross! Would lenders count my income from my side gigs?
Comment from : Haley Chapman

Can we afford the outreigous interest is the salient pointbrA low interest rate makes people think its a cheap loan 😆 its daylight robbery 🤔
Comment from : Hayden Harris

Hi Jennifer brYou said " $300 monthly minimum credit card fee " What is that?
Comment from : Ahmad Awada

yeah everyone makes 10k per month
Comment from : Enoc Cortez

Good information Please improve audio quality
Comment from : rishisimply

my aunt makes 150 k a year and my dad 60 k
Comment from : lexustn

So many ppl whining about making 10k a month Some of us make well over that and can benefit from her advise Jeez
Comment from : YoungMulah

Give her some slack 10k a month can be family income Gross not take home Beside she gave us the 30-43 calculation so plug your numbers in 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️ please don’t add your over time pay or bonus pay DONT SET YOUR SELF UP
Comment from : Switch Floz

Yummy
Comment from : Clinton Ott

Would I get approved for a $250000 loan if my monthly gross income is about $4000 with no type of credit debt whatsoever??
Comment from : BLaziiN Aztec

Awesome info ty very much 😄
Comment from : Michael Gray

43 is a ton but thanks for setting low and high ends and including income vs debt! Really important
Comment from : JOPBEAR

How much you can afford based on gross income is so wrong It’s a magical number not reality So why do they base it on it?
Comment from : Clean as dirt

SOLDbyNat - Georgia REALTOR, Natasha Bazile

While she used 10k for simple math, there are households that make $10k+ a month Especially with combined incomes, small businesses, entrepreneurs, etc
Comment from : SOLDbyNat - Georgia REALTOR, Natasha Bazile

In my opinion, housing prices are OK everywhere What is the most common dealbreaker for me is the HOA fees I don't think HOA should be legal
Comment from : Alex Y

i wish i make 10k a month
Comment from : jessica mendoza

remember folks, banks want you to be around 30 however, if you can, go with the lowest percent for the house you feel is in the safest neighborhood within a decent school district do not refinance your house, just pay more on your principal! look into financial independence - you can't do that if you have no money left over after the house and car and school and food and day care, etc
Comment from : b a pretzel

Can we get some realistic numbers??? 700 fir a car payment and 10k a month is not a average person
Comment from : Muva X Bean

This calculation would have been a better example if it was the average working person income 😔
Comment from : Tyshara Robbins

What if I only make 8500 a month
Comment from : Bubba Skyver

Started the process with my score at 675 on my experian right now am on 797 I worked closely with Tony to achieve this Give him a call on +13109862321
Comment from : Annabel Richards

Actually if you listen to Dave Ramsey he suggests that your mortgage payment not exceed 28 of your net income Not 30 of gross Not to knit pick but that's a big difference
Comment from : Matt Johnson

Beautiful explanation!
Comment from : elnewPC

Well, I think I don’t fit into your income criteria I gotta seek for a person who feels good to work with ordinary people like me
Comment from : Fred Ruth

this is not for the rich if you are married, two people making 60k a year that should give you the 10k thats very normal
Comment from : D Will

I love this video!!! I love the exact amount you use! We live in Charlotte, NC My husband’s Salary is 11k a month We bought low 360k we are now wanting more land Houses we are looking at now are 450k-550k I honestly hate the videos where they talk about the homes being 100k This was very relatable to our exact situation!! We also only have $450 a month credit card debt 😃
Comment from : Jason&Val Mitchell

The answer is 25 of your net Skip to the end thumbs up 43 will kill you no question
Comment from : 666dynomax

Hahaha I’m glad people in the comments can relate to me
Comment from : Martinis_Mission

lol I make 2,500 a month lol I have a family of 6 and my rent is 1,250 for a 2 bedroom
Comment from : Baby Girl

So this is for the rich Who has a 700 car payment?? And makes 10k a month
Comment from : jay hulrs

She made feel like I grew up bad lol, should have said realistic numbers not someone whose living in Beverly Hills or LA beach kind of salary lol
Comment from : HSBA NATION

i need to find a job that pays 10k a month
Comment from : AFinteresting88

10000 a month? What about us normal folks
Comment from : Quinton Gauge

SO MUCH GREAT INFO! This is great (:
Comment from : Ana Zuniga

Dave Ramsey recommends 25 of your take home pay on no more than a 15 yr mortgage Not 30 of your gross pay
Comment from : b0ondockz

how many people are making 10K monthly?
Comment from : Hussam Tulimat

Dave Ramsey actually recommends your mortgage payment be no more than 25 of your TAKE HOME monthly pay, not gross That's far more conservative than what you are recommending
Comment from : Marcus E