Buying In 2024

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So there is a lot more to this then just the income. This is calculated based solely on income and zero debit. We all know debt plays a huge part in calculating our DTI or Debt to income.

Most financial advisors recommend spending no more than 25% to 28% of your monthly income on housing costs. Add up your total household income and multiply it by .28.

For example, say you bring home $4,000 a month:

$4,000 x .28 = $1,120

At most, you may be able to afford a $1,120 monthly mortgage payment.

Your credit score will also impact the rate you get.

Need help calculating how much you can afford with your current income? Let's chat about your options/Lenders and decide the best plan for you.

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