WorksheetsHow much should I spend on a house?
Total questions: 10
Worksheet time: 20mins
How much you borrow to purchase a house?
2 times your monthly gross income
2 times your annual gross income
3 times your monthly gross income
3 times your annual gross income
Sonya has saved $30,000 to purchase her 1st home. Her yearly gross salary is $50,000. What is the maximum she should borrow to purchase her dream home?
$100,000
$50,000
$30,000
$60,000
Sonya has saved $30,000 to purchase her 1st home. Her yearly gross salary is $50,000. What is the maximum she should spend on her 1st home?
$60,000
$110,000
$130,000
$100,000
Jim has saved $15,000 to purchase a house. His annual gross income is $30,000. What is the maximum he should borrow to purchase a home?
$15,000
$45,000
$30,000
$60,000
Jim has saved $15,000 to purchase a house. His annual gross income is $30,000. What is the maximum he should pay for a home?
$75,000
$60,000
$100,000
$30,000
Lee Chin's annual gross income is $125,000. He has saved $25,000. What is the maximum he should borrow to purchase a home?
$125,000
$250,000
$50,000
$150,000
Lee Chin's annual gross income is $125,000. He has saved $25,000. What is the maximum he should spend to purchase a house?
$50,000
$150,000
$250,000
$275,000
When considering purchasing a home, the person needs to spend ....?
2 times their annual salary plus their savings.
2 times their annual salary.
2 times their savings.
2 times their savings plus their annual salary.
Jamal has saved $45,000. He earns a gross salary of $9,583.34 per month. He is looking to move from his apartment into his 1st home. What is the most amount of money he should borrow?
$160,000
$230,000
$90,000
$115,000
Kylie has a weekly gross income of $769.24. She has saved $15,000. She is looking to move from her parents home into her 1st house. What is the most she should spend on her house?
$80,000
$30,000
$55,000
$95,000
