Your ideal max purchase price is…
Total Monthly Costs: $
- Mortgage Payment – $
- Property Taxes – $
- Homeowner’s Insurance – $
- HOA Dues – $
You could stretch and purchase a house at $508,320. However, this will leave your housing costs at 36% of your income, which might have you feeling a bit tight in other areas of your spending plan.
Your down payment is % of the purchase price.
Consider a larger down payment to avoid having to pay for mortgage insurance, which could reduce the amount of house you can afford.
Disclaimer: These are estimates only using averages from across the country and are intended to give you a “ballpark” figure while pointing you in the right direction. They should not be used as a substitute for determining loan qualification in your area and running the numbers on the property you intend to purchase. Please talk to a professional advisor or loan provider about your specific situation.