Calculate how much house you can afford with our home affordability calculator that factors in income, down payment, and more to determine how much home you can afford. If you earn $5,500 a month.
If you earn $56,516, the average household income, you can afford $1,695 in total monthly payments, according to the 36% rule. The rule, which measures your debt relative to your income, is used by lenders to evaluate how much you can afford.
Once you calculate what you can afford, decide if you're comfortable paying that amount each month. Annual Income. Monthly Debt. Down Payment. Mortgage.
cheap rent to own homes Buying vs. Rent to Own Homes Part of a successful real estate deal is understanding the options available and choosing the the most flexible option. In many cases, that perfect option is in rent to own homes. Forget immediate down payments and mortgages.