Buying a home is the biggest financial decision you can make. Knowing your budget and how much you can afford to spend on a home is a critical – dare we say the most important – piece of information you can have going into the homebuying process.
So how do you know how much you can afford? Take into consideration these items listed to determine what your homebuying budget looks like.
Make your homeownership dreams a reality.
Take the first step and apply online with MTH Home Loans.
Make your homeownership dreams a reality.
First, you’ll need to gather some information about yourself:
- Your monthly income
- Monthly expenses and how much debt you owe each month
- How much you have saved for a down payment and closing costs
Then, you’ll need some information about the home you want to purchase:
- The price of the home you want to buy
- How much money you need for a down payment
- The length of the loan and current mortgage interest rates
Once you have a good grasp on these numbers, you’ll be able to estimate how much money you have each month for a mortgage payment. You can also use our mortgage calculator to see what home prices are within your budget!
Now that you know what you’re working with, are you ready to start the home search? Get in touch with one of our mortgage professionals to begin your homebuying journey! Owning a home could be the best decision for you and your family. If you think buying is the next step for you, visit our Mortgage Resources Page to learn more, or contact one of our mortgage professionals today. We’re here to help you get started.
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Connect with one of our loan officers in your area today.
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Why Choose MTH Home Loans?
Financing a home is a big deal. Helping people feel confident in that decision is an even bigger one. We believe the path to homeownership should be just as well-built as the homes themselves. That means clear communication, reliable guidance, and lending solutions that empower buyers to build their future with confidence.
We’re here to make home financing simpler, smarter, and more transparent, because building a better way to buy a home starts with how it’s financed.
All information presented is for educational purposes only and not intended as financial advice. MTH Home Loans, LLC NMLS#2736988. Equal housing lender ©2025.
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