Realistically, how much nett salary would you need to afford a 600k-ish house?
6.2k nett salary for 700k property, opinion?
|
|
 Feb 15 2022, 12:33 AM
Show posts by this member only | IPv6 | Post
#21
|
 
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City  
|
|
Quote|
|
|
|
|
Feb 15 2022, 06:44 AM
Show posts by this member only | IPv6 | Post
#22
|
All Stars
14,511 posts Joined: Sep 2017
|
QUOTE(hustlerism @ Feb 15 2022, 12:33 AM) Realistically, how much nett salary would you need to afford a 600k-ish house? Based on 90% loan ... 550k .... monthly repayment now is about 2.4k .... x 3. |
|
|
Feb 15 2022, 10:50 AM
Show posts by this member only | IPv6 | Post
#23
|
|
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City
|
QUOTE(mini orchard @ Feb 15 2022, 06:44 AM) Based on 90% loan ... 550k .... monthly repayment now is about 2.4k .... x 3. At least 7.2k nett? |
|
|
Feb 15 2022, 10:52 AM
Show posts by this member only | IPv6 | Post
#24
|
|
All Stars
14,511 posts Joined: Sep 2017
|
QUOTE(hustlerism @ Feb 15 2022, 10:50 AM) At least 7.2k nett? Plus / Minus depending if you have other loan commitments ...HP, PL, CC, PTPTN.The higher the margin, the less financial stress. hustlerism liked this post
|
|
|
Feb 15 2022, 11:00 AM
Show posts by this member only | IPv6 | Post
#25
|
|
Senior Member
5,531 posts Joined: Aug 2011
|
QUOTE(claudetan @ Dec 29 2021, 04:01 PM) Why don’t just try it? Back to 2017 my net 3.3k salary and got 470k loan approved. Yes very possible. Monthly repayment around RM2.0k. Assuming you have zero other loans, with a net salary of rm3.2k, can definitely get a 2.0k housing loan approved. Banks usually see a DSR of 66.7% of net income. With rm3.2k net salary, you could’ve got a loan of around rm2.2k. |
| Change to: |  0.0128sec
 0.47
 5 queries
 GZIP Disabled
Time is now: 2nd December 2025 - 02:37 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.