Of course in theory it is not that hard to figure out what sort of house payment you can afford. In my case it is roughly what I am paying in rent now, but the problem is that you have to come up with a big down payment and you have to convince a bank to lend you the hundred thousand dollars that you need. Then you have to pay the home insurance companies for home insurance, which you are required to have if you borrow the money to get a house. It is a lot tougher to figure out all of the little details that you have to figure out to know what you can afford. There is more to it than just the house payment itself. In effect you have to think about what it will cost you to get in the house after you buy it as well. The big thing is that I will not have the luxury of cutting it too close it seems.
For example let’s say that I save up all of the money I need for a down payment and the money I would need to get a house ready for me to move in. I would still need to keep some money in reserve for the just in case scenario. That is for example like a big car repair bill. It is not a big deal for a car repair shop to charge you a thousand dollars or fifteen hundred dollars to do repairs on the car. In fact it could be just about any seemingly minor thing and it can be hundreds of dollars in repair bills. It does not have to be a blown engine or a transmission going out on you. That sort of thing is what you have to be ready to deal with.