How Much House Can You Buy 〈LEGIT — Playbook〉

While not strictly required, having 20% down eliminates Private Mortgage Insurance (PMI) and lowers your monthly cost significantly. 🏦 Factors That Determine Your "Buying Power"

Lenders look at more than just your salary. These variables will dictate your loan approval amount: 1. Debt-to-Income Ratio (DTI) how much house can you buy

Add up all reliable monthly income before taxes. While not strictly required, having 20% down eliminates

Your mortgage payment should be under 28% of your gross monthly income, and your total debt payments (including car loans and student debt) should be under 36%. Debt-to-Income Ratio (DTI) Add up all reliable monthly

A lender will give you a "maximum" number, which serves as your ceiling.

Your score determines your interest rate. A difference of just 1% in your mortgage rate can cost or save you tens of thousands of dollars over the life of the loan. 3. Down Payment Amount

Let me know your and current monthly debt , and I can run the math for you!