: Spend no more than 28% of your gross monthly income on housing expenses and no more than 36% on total debt.
: Budget an extra 1% to 2% of the home's value annually for maintenance and property taxes. what value house can i afford to buy
To determine how much house you can afford, most lenders look for a where your total monthly debt payments (including your new mortgage) don't exceed 36% to 43% of your gross monthly income. The "Lifestyle Buffer" Feature : Spend no more than 28% of your