What happens to your earnest money if you back out of the deal?

Not sure how much mortgage you can afford? Use the calculator to discover how much you can borrow and what your monthly payments will be. what bills to pay and if you can still afford your home. If you're having trouble paying your mortgage, your mortgage servicer may provide mortgage assistance. Find Out How Much You Can Afford. If you are a first-time homebuyer, the ONE Mortgage Program is for you. ONE Mortgage offers you the comfort of knowing your ... Apr 24, 2022 ... How Much House Can I Afford on $35,000 a Year? · Your monthly debt payments · Your down payment · Your mortgage rate and loan term · Your credit ... 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. Jan 11, 2023 ... The goal of this post is to outline the debt-to-income ratios that most US banks use when calculating your recommended mortgage amount. We will ... Nov 8, 2024 ... When you make $5,833 a month in gross income and owe less than about $500 in monthly debt, you can likely afford a $1,633 monthly mortgage ... 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. Nov 5, 2024 ... Using a mortgage calculator is key to figuring out your monthly mortgage payment. You'll enter variables like loan amount, down payment, ... Jan 7, 2025 ... By using the 28 percent rule, your mortgage payments should add up to no more than 28 percent of $8,333, or $2,333 per month. However, there are ...