: Most lenders recommend that your total monthly housing payment—including principal, interest, taxes, and insurance (PITI)—should not exceed 28% of your gross monthly income .
Your budget must cover more than just the down payment. These one-time costs are due at or before closing: buying a house budget planner
: Expect to pay between 2% and 5% of the home’s purchase price . This covers loan origination fees, title insurance, appraisal fees, and recording fees. : Most lenders recommend that your total monthly
Before looking at listings, establish your "magic numbers" based on established financial guidelines: buying a house budget planner