Affordability Calculation More Info Included

What price range should I be targeting? I’m a single FTHB in Colorado. I want to be informed but I’m terrible at math. This would be my primary residence. I spoke to a lender as well and they quoted 400k if I want to keep monthly costs under $2,500.

Gross Income: 118k yr Debt: 15k federal student loans (this is the total amount of 4 individual loans) Down payment: ideally 20 – 25k down at most Credit score: over 750 Current rent: $1,600 not including utilities

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What price range should I be targeting? I’m a single FTHB in Colorado. I want to be informed but I’m terrible at math. This would be my primary residence. I spoke to a lender as well and they quoted 400k if I want to keep monthly costs under $2,500. Gross Income: 118k yr Debt: 15k federal student loans (this is the total amount of 4 individual loans) Down payment: ideally 20 – 25k down at most Credit score: over 750 Current rent: $1,600 not including utilities submitted by /u/Therealcatlady1 [link] [comments]

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