![]() What flavors does Pepsico / Boston Beer Company make?. ![]() Consult a financial advisor or mortgage professional for personalized guidance. In summary, to buy a home in California at the average price, you'll need: A 20% down payment of $145,627 A minimum gross annual income of $187,968 to satisfy the 28/36 rule A stable employment history and good credit score Remember that these figures are based on the average home price and may vary depending on the area or property type. To be safe and meet this requirement, your gross monthly income should actaully be a little higher $15,664 ($5,639 ÷ 0.36), or an annual income of $187,968. Considering the 36% rule, and assuming $500 in other monthly debt obligations, your total monthly debt payments should not exceed $5,639 ($500 + $4,139). ![]() To afford this, your gross monthly income should be at least $14,782 ($4,139 ÷ 0.28), or an annual income of $177,384. The monthly mortgage payment is approximately $3,6802 Adding property tax of $357 and insurance of $102 per month, the total housing expense is $4,141. Applying the 28/36 rule to California's average home price, let's assume a 20% down payment ($145,627) and a 30-year fixed-rate mortgage with a 6.5% interest rate. The 28/36 rule consists of two ratios: 28% of your gross monthly income should cover housing expenses, while 36% should cover your total monthly debt obligations, including housing expenses and other debts. To determine how much you'll need to buy a home, it's crucial to understand the 28/36 rule, a financial guideline lenders use to assess mortgage affordability. Title: Buying a Home in California: Navigating the 28/36 Rule with Taxes and Insurance Purchasing a home in California is a significant investment, with the average home price at $728,134. #discovercalifornia #redwoodtrees #redwoodtreescalifornia #redwoods #redwoodsnationalpark #redwoodnationalforest #redwoodnationalpark #redwoodsstatepark #redwoodstatepark #avenueofthegiants #humboldt #humboldtcounty #redwoodgrove #redwoodtrail #sequoiatrees #sequoia #sequoias #sequoianationalpark #sequoianationalforest #sequoiaforest #redwoodforest #californiaredwoods #aveofthegiants #visitnortherncalifornia #humboldtredwoodsstatepark #norcal #northerncalifornia Enjoy a beautifully curated aquarium and an indoor rainforest bursting with butterflies. exists in Monterey, California? Yup! Get ready to sweat as you muscle your way up and down the tracks in Monterey Bay! 4) ✈️ Sea Plane flight over the Golden Gate Bridge We’ve all seen the world-famous Golden Gate Bridge from Battery Spencer, but have you flown over it in a seaplane? No? Time to buy your tickets! 5) □California Academy of Sciences A tried and true San Francisco favorite! If you haven’t done it already, it’s time! Explore what makes California one of the most diverse and exciting places on earth. 3) □️ Handcar Tour in Monterey Bay Did you know the only self-powered hand car tour in the U.S. This tour includes six zip lines and two suspension bridges. You may see seasonal waterfalls, California Newts, and the elusive banana slug! 2) □️ Zip lining at Mt Hermon Soar through the largest trees in the world on this unforgettable eco-tour. These five experiences are so good you just have to do them! 1) □️ Skunk Train Rail Bikes on the Noyo A fantastic journey through towering redwood trees alongside the Noyo River.
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