What price range can your comfortably afford to shop for homes in? If you have not been to a lender yet and are a first time home buyer, one way to determine what you can afford is to look at what you pay for rent. Try inputting your information into the following calculator. It will help you determine what range you should be looking in.
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You can get more specific with the affordability calculator. Enter in your monthly income and monthly recurring debt payments (car loan, credit cards, etc). The calculator will determine approximately what price home you should be looking at based upon average debt to income ratios.
Affordability Calculator
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