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How much do I need to make, in order to afford a 500k home in. – well assume you have to buy a house right now for 500k, include tax and fees also assume 30% down payment 150k, amortize over 25 year, 2.40% rate, you will need 58,149 annual income for them to approve mortgage.
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Mortgage Payment Calculator – Loan Amount = $500000. – Amortization Schedule. Amount of Loan: annual interest rate (in percent) Length of Loan (in months) Total Payments $872,369.52: Total Interest $372,369.52: Number of Monthly Payments 360: Monthly Payment $2,423.25: Payment Number Beginning Balance Interest Payment
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