- Reducing extra or unnecessary expenses such as eating out, subscription fees or travel.
- Putting 5% to 10% of your monthly income toward a savings or investment account.
- Paying off credit card bills early to increase your credit score.
Understand what home price range makes the most sense for your budget and income.
Get tailored listing results and notifications based on affordable homes in your area.
Understand what loan amount a lender may give you, based on your income, credit, and debts.
Images and numeric data shown are for example purposes only. Individual result may vary.
We use your location to estimate how local taxes and insurance costs impact your final home price. Depending on your state, taxes and insurance are usually included as part of your monthly mortgage payment.
We factor in how much you pay monthly for things like groceries and utilities so that our final estimate makes sense for your budget. This ensures that your new home fits the lifestyle you want to live.
We'll ask for your annual gross income and monthly debts. We compare these amounts using what's known as a debt-to-income ratio, or how much of your monthly income goes toward debt. This factors into your final home affordability and how much of a mortgage you may qualify for.
This is how much money you're planning to use toward your home purchase. When you're deciding what to put here, consider your down payment as well as closing costs. Most buyers need at least 3% of the home's purchase price for a down payment, and another 2% to 5% for closing costs.