How much home can you actually afford?

First-Time Buyers

The amount a lender can approve you for and the amount you'll be comfortable paying every month are often two different numbers. Start with the second one.

Start with the monthly payment, not the price

A common guideline keeps your total housing payment — principal, interest, taxes, insurance, and any HOA — at or below about 28% of gross monthly income, and total debts below roughly 43%. Not hard rules, but a sane starting point.

Costs beyond the payment

Down payment — 0% (VA/USDA) to 3–5% (conventional/FHA) to 20%+.
Closing costs — typically a few percent of the loan amount.
Reserves — a cushion for repairs and the unexpected.

Run your own number first

Our affordability calculator gives a fast, no-pressure estimate. A quick conversation turns that into a real pre-approval — so you shop with confidence and a clear ceiling.

The Stateside way: we show the comfortable number, not just the maximum — and as a direct lender and 109-lender broker, we find the program that fits it best.

Educational content only — not financial advice or a commitment to lend. Programs, rates, and guidelines vary and change; talk to a Stateside expert about your specific situation. NMLS #2567704.

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