How Expensive Of A House Can I — Buy

Your monthly housing costs—including principal, interest, taxes, and insurance (PITI)—should not exceed 28% of your gross monthly income.

If you earn $100,000, your target home price is $300,000. how expensive of a house can i buy

Some experts stretch this to 4x or 5x income if you have zero debt and a large down payment. 2. The 28/36 Rule (Standard Lender Guideline) Your monthly housing costs—including principal