Can you live off of 3000 a month?
Can you live off of 3000 a month?
If comfortable means riding the subway, driving a used car, cooking your own meals most of the week, staying in to watch Netflix, and generally being tight with your budget then the answer is yes, you can live a decent life on $3000/month. It really all depends on what you deem as your own comfort level.
What mortgage can I afford on 40k?
Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)
What is the mortgage payment on $200 000?
On a $200,000, 30-year mortgage with a 4% fixed interest rate, your monthly payment would come out to $954.83 — not including taxes or insurance. But these can vary greatly depending on your insurance policy, loan type, down payment size, and more.
What is the mortgage on a $250 000 house?
Monthly payments for a $250,000 mortgage. Where to get a $250,000 mortgage….Monthly payments for a $250,000 mortgage.
| Annual Percentage Rate (APR) | Monthly payment (15 year) | Monthly payment (30 year) |
|---|---|---|
| 3.00% | $1,726.45 | $1,054.01 |
What would a 15 year mortgage be on 60000?
Mortgage Loan of $60,000 for 15 years at 3.25%
| Month | Monthly Payment | Principal Paid |
|---|---|---|
| 7 | 421.60 | 263.34 |
| 8 | 421.60 | 264.05 |
| 9 | 421.60 | 264.77 |
| 10 | 421.60 | 265.49 |
How much income do I need for a 400k mortgage?
To afford a $400,000 house, for example, you need about $55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least $8178 and (if your income is $8178) your monthly payments on existing debt should not exceed $981.