Buy with confidence
How Much Home Can I Afford?
A lender may describe what you qualify to borrow. Your comfortable budget also depends on cash needs, recurring ownership costs, other goals, and the payment risk you are willing to carry.
Start with a monthly comfort range
Consider the payment you can sustain alongside savings, other debt, transportation, childcare, and ordinary living expenses.
Plan for cash at closing
Discuss down payment, deposits, inspections, appraisal, lender charges, title and closing charges, and prepaid items with the relevant professionals.
Include ownership costs
Estimate property taxes, homeowners insurance, association charges, utilities, maintenance, and repair reserves.
Test changes before deciding
Compare different prices, interest rates, down payments, taxes, and insurance assumptions rather than relying on one scenario.