Buying a Home:
How Much Home Can I Afford?
Congrats! You've made the Grownup decision to buy your own home. What’s next? Before diving into online searches and attending open houses, you’ll need to determine how much you can afford to put down and how much mortgage you can really handle. We’ll discuss getting your finances in order so you can become a homeowner, whether you’re considering a luxury condo or charming fixer-upper.
Before beginning this course, it's helpful (though not necessary) to have some relevant financial information handy, like how much you’ve already saved toward a downpayment, if any. Pull together any research you’ve already done on the price range of houses that interest you. (Don’t panic; we’ll help you do this!). Also, we’ll be using our home affordability calculator, so feel free to open it in another tab to peruse when we get to that activity.
What you'll learn
- Learn the true costs of home ownership.
- Determine how much house you can afford with our home affordability calculator.
- Discover tips and resources to help you reach your homebuying goal.
Any third party resources or websites referenced are not under our control. We cannot guarantee and are not responsible for the accuracy of the resources, websites, or any products or services available through such resources or websites. While we hope the information in these materials are useful, it’s only intended to provide general education. It’s not legal, tax, or investment advice, and may not apply or be useful to your specific financial situation. If you need recommendations geared to your personal financial situation, schedule time with a financial planner.