How much will FHA morgage loan if you make $2,400 a month with $300 car payment.?

4 Answers

  • Anonymous
    1 decade ago
    Favorite Answer

    depends...on your credit score...taxes, insurance, etc.

    total payment around 850

  • 4 years ago

    I even have an FHA domicile loan and that i did no longer have 3.5% down like some different human beings have pronounced. I even have 0% down and became into approved yet you won't be able to make the non-public loan for extra desirable than the fee of the domicile you're paying for. So in case you have been approved for 150,000 and the home is appraised at one hundred forty five,000 you don't get to maintain that extra desirable 5,000 the two. there's a manner which you would be able to get funds decrease back on the top of ultimate yet you ought to paintings that out with the broker. we could say your approved for 150,000 and the home is merchandising for one hundred twenty,000 and you like some funds decrease back, then if the domicile will appraise for a hundred twenty five,000 you are able to ask the broker in the event that they're going to settle for an grant of a hundred twenty five,000 and supply you the 5,000 decrease back at ultimate.

  • Pengy
    Lv 7
    1 decade ago

    At $28800 gross a year, approx $415 a week take home at best most likely not much. You have a car payment, plus insurance, electric, phone, cell phone, cable, internet, gas, insurance, taxes, heat, repairs, food, etc. Would strongly advise waiting until your income goes up a bit, in the mean time save all you can

  • Seano
    Lv 4
    1 decade ago

    not very much....

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