The Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.he Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.
The cost of housing varies wildly from neighborhood to neighborhood, never mind from city to city. An accepted rule of thumb is your mortgage, or lease payment, shouldn't be more than 28 percent of your gross salary. That would be about $1,166 per month on a gross salary of $50,000.
You can buy a $500,000 house, put down $450,000, and get a mortgage for $50,000 that might be affordable on $30,000 a year.Your repayment burden is driven by the loan, not necessarily by the purchase price.igure out how much of that needs to go into savings, and how much you can use towards a monthly mortgage payment. This should give you a pretty good idea. I also agree that if you have two incomes, plan using just one.