How Much Do You Need To Make To Buy A 350k House

[@themagicalaries]

One thing to note here too is that if you're buying a house on a conventional loan and put down more than 20%, you typically won't have to pay PMI.

[@TommyBryson]

That’s very true

[@HighIntentions-]

Very informative, you got yourself a new subscriber 👍🏼

[@TommyBryson]

Thanks brother

[@classy_c88]

Was hoping to buy to, but I’m very glad I saw your video! Very informative!

[@kaylaclaire3930]

You legit made me laugh when you said "so, is this good or bad? it's terrible!" 😂 great video super helpful as I'm hoping to buy a place this year

[@TommyBryson]

lol 😂 glad this helped

[@mslezinskyify]

Thanks Tommy 😊 needed this

[@aaronhutchinson885]

Good breakdown and info to consider. Most people, in this generation may never 'own' thier home. Unfortunately.

[@tomisluvcarraway6481]

Thanks Bryson

[@TommyBryson]

Got you 😎

[@tehutizephaniah2627]

Simple and informative 😊

[@AFocusedLiving]

Appreicate these vids😊

[@TommyBryson]

Thank you 🙌

[@robertriofrio2276]

Thanks!

[@TommyBryson]

🙌😎

[@tr1bes]

It's not how much one can afford but how much that individual/family can endure with possible outcome through no income per certain periods. Does that individual has backup saving through a dry spell? An individual can make six digit income but has no savings and gotten fire, how is that individual going to make ends meet?

[@marvelordc6827]

90k a year to own a 350k house ?

[@TommyBryson]

More like 105k after taxes

[@Lumpia_In_Texas]

Also depends on the property taxes! Nobody talks about those pesky property taxes!

[@dnah02]

Level up the income as much as possible.

[@ericg9092]

@@Lumpia_In_Texas True! Especially if you're in a high property tax state like Texas. I bought a new construction in Keller and watched my property taxes go from $3k to $8k in 7 years!

[@alexhein6386]

For us Los Angeleno’s houses are like for billionaires in todays world

[@dnah02]

35 percent no no no 30 or less but closer to 25 but you need that 20 percent down or more. And low ball the offer as best as possible.

[@TommyBryson]

33% because you include all the expenses

[@dnah02]

@@TommyBryson my wife and I are saving up for a home no more than 350k in about 3 or 4 years we may buy. I think our take home should be in the 7 to 8k range by then. For now we have about 110k saved but we are still visiting and learning about the area we want to potentially live in.

[@TommyBryson]

@@dnah02 thats awesome and thats a solid down payment. Also very wise to continue to look at the area. However you may need even less time to be able to buy, with the amount of cash it sounds like you guys have managed to save

[@dnah02]

@@TommyBryson One of the of the reasons why I want to increase that income is to have more cash to make extra payments to pay off the home as fast as possible.

[@TommyBryson]

@@dnah02 Do you guys have kids or plan on having kids soon? thats also a factor to consider. To buy a home and start having kids and just take bit longer to pay off the home is not a bad outcome either. my point is to consider the price ( not just monetary ) you are paying for the things that you want

[@LilMissSwager0723]

I wish a livable 350k house was even available in my market. NYC is a different beast 😢

[@TommyBryson]

Definitely is, sometimes it makes sense to move and not just because of the finances but also the quality of life

[@dongordito00]

So is Boston.

[@Austin.8150]

Broke ass

[@IMakeHitzRichardson]

Bro why you not explaining people about making principal payments

[@TommyBryson]

Capital payments help you pay faster; however this video is about affording the house.

[@wiseman6723]

Fix the interest rate , this is misleading to people damn .. KZbinrs could care less about people …. Rates are not 5percent

[@TommyBryson]

Brother, rates can be 15% it doesn’t matter. This video is not about interest rates, it’s about buying something that fits your budget. And when you run the numbers it will tell you. Imagine you watching this in 12 months, rates change. Principles don’t.

[@ByGraceForGlory30]

Didnt help me at all