If you’re looking to buy a new home, then you’re likely asking yourself, how much house can I afford? How much mortgage can I afford, and what’s a reasonable monthly payment to take on? You don’t want to get in over your head, but you also don’t want to live in a shoebox in the middle of nowhere. Where does the balance lie?
This guide will help you answer the question, "How much house can I afford?" based both on the numbers and your overall happiness. To begin, let's go over some general guidelines to consider when buying a home.