I’m a teacher, How much house can I afford? | Yahoo Answers – · Don’t do it until you have a year salary saved (emergency fund). You can spend about 30% on your income. It’s worth it to find the cheapest rent you can find and save a huge downpayment. If you by a house at 100,000 you’ll end up paying 200,000 for that house. So for every $100 you put down you’ll save $100.
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How Much House Can I Afford? | DaveRamsey.com – If you earn $5,000 a month, that means your monthly house payment should be no more than $1,250. The calculator below will show you a ballpark figure for how much house you can afford based on your down payment amount and maximum house payment.