How Much Home Can You Really Afford?

Just because a lender approves you for a certain amount doesn't mean you should spend it all.

Consider More Than the Mortgage

Your housing costs may include:

• Principal and interest

• Property taxes

• Homeowners insurance

• HOA fees

• Maintenance and repairs

• Utilities

Affordability Guidelines

Many experts recommend:

• Housing expenses stay below 28% of gross income

• Total debt payments stay below 36% of gross income

Smart Buyer Tips

✅ Create a realistic monthly budget

✅ Keep an emergency fund after closing

✅ Avoid becoming "house poor"

✅ Factor in future life changes

✅ Consider commute and lifestyle costs

Buying comfortably often creates more long-term financial freedom than buying at your maximum limit.

To learn more about how to qualify for a mortgage and strategies to save you money in your home purchase, schedule your buyer consultation.

Buyer Consultation

$25.00

30min

Book Now