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# Maximum House I Can Afford

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The good news is, this guide will help you figure out exactly how much house you can afford. One of the most common mistakes people make is buying as much house as their bank allows or letting a real.

How Much House Can I Actually Afford – Once you know how much you can borrow add to that your down payment to calculate the maximum house price you can afford. In this example, the maximum loan amount is calculated at \$203,000. If you have a \$20,000 down payment, you can purchase a \$223,000 house.

Use our home affordability calculator to figure out how much house you can afford. Use our home affordability calculator to figure out how much house you can afford.. we come up with a maximum.

Multiply it by 25% to get your maximum mortgage payment. If you earn \$5,000 a month, that means your monthly house payment should be no more than \$1,250. The calculator below will show you a ballpark figure for how much house you can afford based on your down payment amount and maximum house payment. How Much House Can I Afford?