well... let me throw out a number. If you are fresh out of university looking to get into a house or start a family. A mortgage in today's world (which is roughly a 35-40 years term) would set you back 1900 - 2300 a month. Those are real numbers that my friends are paying now. Those numbers are for a 3 bed room single family home at around 1200 sq ft
If you want to calculate how much 50k a year bring home each month. look no further. After tax, it's roughly around 3000 dollars. take out 2k for the mortgage. then you get 1000 for food, heat, water, transportation, student loan... errr.. yea... good luck.
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