How Much House Can I Afford?

To determine how much house you can afford, factor in several things:

• Net income from employment
• Any additional income
• Monthly expenses, including car payments
• Down payment
• Home repair expenses
• Moving cost
• Maintenance fees (lawn/pool care, etc.)
• HOA fees
• How much you'd like your mortgage payment to be monthly
• Your credit score (to determine your mortgage rate)

Here is a good article on how to determine those figures for maximum wealth from Dave Ramsey.