Once upon a time, there was a couple named Maya and Ben who dreamed of moving from their cramped city apartment into a house with a yard. They spent every weekend scrolling through listings, but they had no idea if the numbers they saw were realistic for them.
(housing + car + student loans) shouldn't exceed 36% of their income ($3,060). The Reality Check what can i afford to buy a house calculator
They sat at their kitchen table with their tax returns and bank statements. The calculator asked for three main things: Once upon a time, there was a couple
: They listed their $400 car payment and $250 in student loans. The Reality Check They sat at their kitchen
(mortgage, taxes, and insurance) shouldn't be more than 28% of their pre-tax income ($2,380).
The calculator spit out a number that surprised them. While they had hoped for a $500,000 home, the calculator suggested a maximum of . Mortgage affordability calculator: What house can I afford?
One rainy Tuesday, Ben pulled up a Home Affordability Calculator to see where they actually stood. The Big Inputs