Start by looking at your monthly expenses – what you pay now and how much you can afford to add onto that. If your current rent is $2,000 and you struggle to put anything into savings once all your.So far in 2018, 82 percent of buyers who purchased single-family homes through the FHA were first-time buyers, according to the HUD. So while the percentage of home flippers who sold to FHA borrowers.Like, can you.. your budget. You don't want your dream home to send you to the poor house. Advertisement. Can I afford utilities and maintenance?. Use our calculator to find your affordable monthly mortgage payment.
Mortgage Affordability Calculator. Affordability is based on the household income of the applicants purchasing the house, the personal monthly expenses of those applicants (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs).