How Much Home Can You Buy?
There are a few methods for roughly estimating how much home you can afford. A house payment should be no more than 25% of your gross monthly income (before taxes and deductions). Keep in mind that these are guidelines. There are many other factors that determine how much home you can afford. #homebuying #howmuchhomeafford #affordtobuy
Determining Your Budget
Can I afford this home? This question is asked by most during the home shopping process. It's important to determine what you may be able to afford long-term. The calculators below will provide an idea of what your range could be: Affordability Calculator Renting vs. Buying Monthly Mortgage Payment Calculator Amortization Calculator Refinancing Calculator Although there are many factors to keep in mind, the formula above will help you get started on your budget. When determ