Calculate Home Buying Power -

Example: ($8,333 x 0.36) - $400 car payment = Step 3: Factor in "Hidden" Costs

Subtract roughly from that max payment to account for property taxes and insurance. calculate home buying power

A bank's pre-approval letter is the only way to "lock in" your official buying power before shopping. Example: ($8,333 x 0

Your monthly mortgage payment (principal, interest, taxes, insurance) should not exceed 28% of your gross monthly income. calculate home buying power