Can You Buy | How Much House

To help you get a more precise estimate, I can look into specific data for you. See for a specific city or state?

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

The more cash you bring to the table, the lower your loan amount and the better your interest rate. It also signals to the lender that you are a lower-risk borrower. 💸 The Hidden Costs of Homeownership how much house can you buy

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

Lenders look at more than just your salary. These variables will dictate your loan approval amount: 1. Debt-to-Income Ratio (DTI) To help you get a more precise estimate,

To get a realistic number, look at these three standard financial benchmarks:

Determine your down payment and set aside 3% of the home price for closing costs . A difference of just 1% in your mortgage

This is the percentage of your gross monthly income that goes toward paying debts.

Martina Butković, Partner Certified Auditor

Martina is a partner for accounting services at Sigma Tax Consulting Ltd., 2016 – present. She has more than 30 years of experience in providing accounting services.

Prior to joining Sigma Tax Consulting, Martina worked as audit manager, director and partner in other audit companies including Big 4.

Maja Damjanović, Partner Certified Tax Advisor

Maja is partner for tax services at Sigma Tax Consulting Ltd., 2016 – present.

She has more than 20 years of experience in providing tax advisory services. In the past she worked for EY, Zgombić and Partners Ltd. (from 2003 – 2013, as a partner) and PwC (2013-2016, as a tax director).