What mortgage can I afford on 70k salary?

Mortgage simulator

Once inside the simulator, you will only have to enter the amount of the mortgage you need and choose between the different interest and term options offered by the product in question. You will also be able to consult all its characteristics and advantages (interest, commissions, maximum financing…).

Calculate the mortgages of several banks and compare their price. You can repeat the process of calculating the quota as many times as you want and introducing different values. This way, you will be able to know which bank offers you the best mortgage, adjusted to your financial situation.

If you have arrived at this page it is because you want to know how much a mortgage would cost you. But before using our simulator, we advise you to calculate what house you can afford. This way, you will be able to look for a house that fits your financial possibilities and you will increase your chances of getting financing.

For example, let’s say you earn a net salary of 2,000 euros per month and you pay 200 euros per month for your car loan. After using this formula, the result indicates that you can afford a maximum mortgage payment of 500 euros per month.

How much mortgage can I borrow

Until less time ago than I wanted to confess, my relationship with money was disastrous. I had no real in-depth planning, so saving was negligible and nothing more than haphazard. As soon as an unforeseen expense came up (and not so unforeseen, just not monthly) my account tended to go to zero, or almost. An ugly situation that was not justified by my income, which was not excessive, but still above the mile-a-thousand mark.

Another note: to control the evolution of this monthly “purse” and know how much we have left to spend, we can opt for some utility of our bank’s app, for creating a specific card isolated from our current account in which we recharge that money every month, or for an app like Pennies in which we can write down expenses. It’s up to you.

My income tax return usually comes out to pay, since the self-employed have a fixed taxation of 15% impossible to modify (as it can be done to be hired as an employee). and also I do not have too many expenses to deduct. I estimate about 600 euros. 600 by 12 = 50 euros per month. In addition, I hire an agency to do it for me. He charges 60 euros for this. 60 divided by 12 = 5 euros per month. 50 + 5 = 55.

What mortgage can I afford

I have been thinking about this issue for a long time. It has happened to me more than once, that people who are mileurista or bimileurista have asked me questions about cars a little bit expensive. See Mercedes C 63 AMG, BMW M3, Porsche Cayman, Hummer H2, Subaru Impreza STI, Audi TT, Nissan GT-R…

At the time I started asking questions, I didn’t know what economic level we were talking about. When I inquired about their professions and income, I got a look of circumstance on my face and was stunned for a few seconds. The first thing that popped into my head is, “Dude, are you crazy?”

Buying a car is just the first step on a long road filled with hardship and expense. If only it were as simple as paying for the car and then just worrying about washing it from time to time and putting gas in the tank when the reserve comes up. In the real world, that only happens in leasing or renting.

The worst thing about the automobile, after traffic accidents or pollution, is the economic drain it represents, we do not get the idea of how tremendously expensive it is to have a private car, at the door of the house, and always available for whatever we want, whenever we want and without giving explanations to anyone.

Caixabank mortgage

Thanks to our mortgage simulator you will be able to know approximately the monthly payment of your mortgage. Also in the same simulation you will be able to know the estimated expenses and taxes associated with it.

A mortgage simulator is a financial calculation tool that allows you to estimate approximately the monthly payment of your loan and the amount you could request to finance the purchase of a home.

The simulation also serves to know the estimated expenses and taxes generated by the purchase (notary, registry, agency and taxes) and the mortgage (appraisal), which will help you to know how much money you need to buy the house.