Your total monthly debt payments—housing costs plus car loans, student loans, and credit cards—should not exceed 36% of your gross monthly income. 2. Factor in Upfront Costs
Your total budget isn't just the sticker price; you need liquid cash for several immediate expenses. Buying a home – what mortgage can I afford? - MoneyHelper buying a house affordability calculator
Your total monthly housing costs—including principal, interest, taxes, insurance (PITI), and HOA fees—should not exceed 28% of your gross (pre-tax) monthly income. Your total monthly debt payments—housing costs plus car