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Affordability

Separate what you can borrow from what you should spend.

In this path

01How much house can I comfortably afford?Start from the monthly payment you would still feel calm about in year three, then work backward to a price.6 min read
02What is debt to income, and why does it decide so much?It is your monthly obligations divided by gross monthly income. It sets your maximum payment, and paying off the right debt can raise your price more than a bigger down payment.5 min read
03How much money should I keep after closing?Aim for three to six months of full housing payments, plus a separate first year fund for the small things a new home asks for.4 min read

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