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How Much House Can You REALLY Afford? (How To Calculate) | NerdWallet

NerdWallet Compare, Inc. NMLS 1617539 nmlsconsumeraccess.org You want to buy a house, but how do you figure out what you can afford? Home Nerd Kate Wood shows you how you can come up with a monthly mortgage principal and interest payment that will work for you, taking into account the additional expenses of homeownership and what might be different from renting. Suggested Articles: How much house can I afford?: https://www.nerdwallet.com/mortgages/... How Much Money Do You Need to Buy a House?: https://www.nerdwallet.com/article/mo... Chapters: 0:00 - Intro 0:48 - Nerdy Tip: Start With Your Finances 1:12 - Nerdy Tip: The Cost Of Your Home Should Be About 3x Your Annual Household Income 1:38 - The 28/36 Rule 2:31 - NerdWallet Home Budget Calculator 4:02 - Budget Considerations 5:45 - Home Warranty Tip 6:13 - Conclusion #NerdWallet #BuyingAHome #Budget Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok:   / nerdwallet   Follow NerdWallet on Instagram:   / nerdwallet   Follow NerdWallet on Twitter:   / nerdwallet   Follow NerdWallet on Facebook:   / nerdwallet   NerdWallet Website: https://nerdwallet.com How Much House Can You REALLY Afford? (How To Calculate) | NerdWallet    / nerdwallet