Here you’ll need to consider home values, how much you make, what your other monthly liabilities are, what you’ve got in your savings account, and what your down payment will be in order to come up with your loan amount.
important in terms of qualifying for a mortgage.
This is a fairly involved process, so it’s tough to just estimate what you can afford, or provide some quick calculation.
There’s also your comfort level to consider. How much home are you comfortable financing?
And don’t forget the property taxes and insurance, which can make your housing payment much more expensive!
