With a monthly budget of , you can typically afford a home priced between $105,000 and $135,000 , assuming current average mortgage rates of approximately 6.0% to 6.3% .
The exact price depends heavily on "hidden" costs like property taxes and insurance, which often consume about of your total monthly payment. Estimated Home Price Scenarios how much house can i buy for 1100 a month
Putting 20% down eliminates the need for PMI, allowing more of your $1,100 to go toward the home's principal. The "Hidden" Costs Breakdown With a monthly budget of , you can