Calculate Home Buying Power -

A bank's pre-approval letter is the only way to "lock in" your official buying power before shopping.

To help you get a more accurate number, I can run specific calculations if you'd like to share: Your ? Your total monthly debt payments ? How much you have saved for a down payment ? Your approximate credit score range? calculate home buying power

Example: $308,000 (Loan) + $50,000 (Cash) = ⚠️ Important Considerations A bank's pre-approval letter is the only way

Your total monthly debt payments (mortgage + car loans + student loans + credit cards) should not exceed 36% of your gross monthly income. 2. Down Payment Amount 3.5%: Minimum for FHA loans. How much you have saved for a down payment

Keep 1%–3% of the home's value in savings for annual repairs.

Subtract roughly from that max payment to account for property taxes and insurance.