Please click on How Much House Can I Afford? to find our how much house you can afford with your income by typing in what your annual income level is and what mortgage rate and length you can get.
We take for granted that we will get a job that pays a certain annual income and then we have to, on our own, figure out how much house we can afford based on that income. If I am making X dollar amount per year then does that mean I can only afford a X times 2, or 3, or 10? Do not worry, we are all born ignorant and will eventually have to ponder this thought. Our website has done all of the research and fact checking for you, and has provided a quick explanation of how we calculator how much house you can afford and a few simple questions are given so that we can actually make the calculation.
Possibly the most important fact when calculating how much house you can afford with your income is how steady your income is. That is to say, winning the lottery one year and technically having an income of several million dollars does not mean that you will have that same income year after year. Our house affordability does not take into account such variables and it is important to keep these things in mind if you are actually considering buying a house and taking on a mortgage. We believe that people are smart enough with their income and in fact are coming here to research and be wise with how they budget their finances. We hope that your journey towards finding how much house you can afford with your income level comes to a fruitful conclusion.