How Much House Can I Afford

June 19, 2008

There are several factors in determining how much “you think” you can afford to borrow versus how much the bank or lender decides you can afford.

All these factors are rated when asking :”how much house can I afford” -

  • Income
  • Debt
  • Interest Rates
  • Job longevity
  • Credit rating
  • PMI

Amongst others, but these are the biggees.

Use this handy calculator to get a general idea on how much house you can afford.

Afford To Borrow Calculator


How much house can I afford if?

May 21, 2007

how much house can i afford
Eileen asked:


How much house can I afford if…

Okay so let’s say I live in a 600,000 dollar house that I am planning on selling. I also make 200,000 a year. How much house can I afford? Just a general idea.
the family is 2 parents and a kid. 200,000 is what both parents earn together.
bought the house in 1994 for 250k. the other houses on the block that are the exact same size and same look as our house sold for 600k so prob. around there.
this is about my family and my house.
i don’t know much about real estate. i’m only 15.
i’m asking people we were driving down this street of really nice houses. and i was wondering if my dad could afford one of them.

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