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How much should I be making a year for a 200,000 mortgage

Looking to do a 30 year repayment
By tashao00144211 from ND Apr 9th 2014
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One of these two calculators could help you with that: (1) http://mycalx.com/calculator21.php?CID=312 or (2) http://mycalx.com/calculator14.php?CID=312.

Apr 9th 2014
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Rule of thumb is 30% of your gross income can go toward your housing payment. In this case your payment could be $5000 per month including Principle, Interest, Property Taxes, Mortgage Insurance, Home Owners Insurance and Home Owners Association dues. The trend for most people today however is to keep this at 25% so you still have money for savings, entertainment and vacations. Good luck.

Apr 12th 2014








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