Am I being realistic about my budget and affordability?

Feb 19, 2024 ... There's no one-size-fits-all answer to this question, which is why you'll need to explore several different factors to find your ideal price range. Strive to keep your monthly rent or mortgage payment to your Basic Allowance for Housing (BAH) or 25 – 30% of your gross monthly income. Mar 21, 2023 ... Have you ever wondered how much house you can afford? Households that spend more than 30 percent of their income on housing-related expenses ... Your income, assets, obligations, and liabilities are all considered carefully. Use this calculator to estimate the amount of mortgage you may be able to ... Monthly income? $. 5000. Monthly expenses? ... Loan term (years)? 30. Interest rate? %. 3.9. Down payment? $. 30000. Annual property taxes? $. 1500. Annual home ... Here's how that works: let's say you make $72,000 per year or $6,000 per month. This means you should limit your budget to spending $1,680 per month on housing ... How Much House Can I Afford in Retirement? Financial experts generally recommend that your total housing expenses, including mortgage payments, property taxes, ... Using a home affordability calculator. Knowing your target loan amount will help you determine how much house you can afford. In this formula, you'll use:. Oct 5, 2023 ... The 28/36 rule (or any similar ratio) is a useful guideline that can help you determine how much home you can afford: dictating that you spend ... Dec 26, 2024 ... Take monthly gross and multiply by .28 thats the lower limit before you are housepoor, which is what i figure calcs are mathing to. Upvote 1