Using the 28/36 rule on $80,000/year ($6,667/month):
Max housing payment (28%): $1,867/month
Max total debt (36%): $2,400/month
At 6.5% rate, 30-year term, $1,867/month supports roughly a $290,000 mortgage. With 20% down, that means a home price of about $362,000.
But remember to add property taxes, insurance, and maintenance — the real cost is more than just the mortgage.
Full guide: How Much House Can I Afford?
Disclaimer: This website provides general educational information only and does not provide personalized investment advice or recommendations. Financial decisions should be made after considering individual circumstances and consulting a qualified professional where appropriate. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance does not guarantee future results.