Evaluate how much you can pay

Drag these steps into the right sequence and click the Submit button. You’ll see how to determine a housing budget that’s comfortable for you.

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To determine your homebuying power, multiply your gross annual income by 2.5 to estimate a top purchase price, or by 28% and divide by 12 to estimate the upper limit for your monthly housing expenses.
Before you go house shopping Make a game plan Evaluate how much you can pay Choose a lender the smart way Potential warning signs to watch for Get preapproved