Have I factored in all the recurring costs of homeownership?

Apr 14, 2025 ... How much home can I afford? This calculator computes the most expensive house you can buy based on the highest payment you can afford, but does ... Jul 16, 2021 ... Sure! Assuming you work 40 hours a week, your gross monthly income is $3,500. That's the figure lenders will use to decide how much loan you can ... Monthly income? $. 5000. Monthly expenses? ... Loan term (years)? 30. Interest rate? %. 3.9. Down payment? $. 30000. Annual property taxes? $. 1500. Annual home ... Use our new house calculator to determine how much of a mortgage you may be able to obtain. Income and Debt Obligations Our home affordability calculator could help you estimate how much you can afford to pay for a home as well as your estimated monthly mortgage payment and ... It states that a household should spend no more than 28% of its gross monthly income on the front-end debt and no more than 36% of its gross monthly income on ... Nov 1, 2024 ... A good rule of thumb for affordability is the 28/36% rule: housing costs should ideally be no more than 28% of your gross monthly income, while ... Oct 11, 2024 ... One commonly used metric is the 28/36 rule. This says that no more than 28% of your monthly income should go toward your mortgage payment. How much house can you afford? CalcXML.com offers a New House Calculator to help you determine what monthly payment you can afford. Calculator Results. You can afford a home worth $306,977.72 without getting the tax benefit. However, you can afford a home worth $384,680.78 with the tax ...