How Much Do You Need to Make to Buy Your Maryland Dream Home?
Published 2024-02-22
Today, I will break down the cost of living in the most expensive cities of Montgomery county Maryland. The question is, how much money do you need for down payment at 30 percent debt to income ratio. All these figures will be calculated at 7.0 interest rate with a 20 percent down payment.
The cities to explore are: Bethesda, Potomac, Chevy chase, Rockville or north Bethesda, North Potomac, and Darnestown.
0:00 Introduction to Affording a House in Top Cities
1:15 Exploring Affordability in Montgomery County's Expensive Cities
2:40 Breakdown of Costs for Bethesda, Maryland
4:25 Calculating Salary Needed for Bethesda
6:00 Moving to Potomac, Maryland: Costs and Requirements
7:35 Chevy Chase, Maryland: House Prices and Income Needed
9:10 Review of Rockville, Maryland's Housing Market
11:45 North Potomac and Gaithersburg: Affordability and Living Costs
13:20 Darnestown, Maryland: Costs and Salary Requirements
Robert Garcia, Realtor
Capital Crest Group of Long and Foster Realtors
Licensed in MD, DC & VA.
Equal Housing Opportunity
📱Call or Text 240-285-5526
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Schedule your FREE home buying or selling consultation with us here:
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Whether Buying or Selling in Washington DC or Maryland...
Robert Is here to serve you and your personal Real Estate interests.
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