How much house can you afford?

@thejoehardy

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SoundTikTok sound · The Banjo Beat, Pt. 1

Why it worked

The video provides high-value, easily digestible financial data that addresses a common pain point for viewers, making it highly shareable and saveable.

Summary

The video displays a table showing the relationship between annual salary and the maximum affordable home price. It provides a quick reference guide for potential homebuyers to estimate their purchasing power based on their income.

Structure

1Title card posing the question
2List of salary tiers appearing
3Corresponding home prices populating the list
4Final list completion

On-screen text

How much house can you afford? Annual Salary: Max Affordable Home Price: $40,000 = $185,000 $50,000 = $225,000 $60,000 = $275,000 $75,000 = $340,000 $100,000 = $430,000 $150,000 = $625,000 $200,000 = $800,000 $300,000 = $1.2million $400,000 = $1.5million $500,000 = $1.8million

Original caption

Is my math wrong? How you would calculate this 👇 Here's the formula: * Salary ÷ 12 months = your monthly gross pay * Minus taxes = monthly take-home pay * X 30% = max mortgage payment At 6% interest, 30 years, 20% down, here's what that gets you: * $50,000 salary → $225,000 home → $1,079/mo * $60,000 salary → $275,000 home → $1,319/mo * $75,000 salary → $340,000 home → $1,631/mo * $100,000 salary → $430,000 home → $2,062/mo * $150,000 salary → $625,000 home → $2,998/mo Save this before you start house hunting. #realestate #PersonalFinance #howmuchhousecanyouafford #homebuying #firsttimehomebuyer