What price house can i afford

To get a quick idea of what you can afford to spend on a real estate purchase, multiply your annual gross income-before taxes-by 2.5.  For example, if your annual household income is $100,000, you might be able to qualify for a $250,000 home.  This is just a rough estimate-the actual numbers will vary based on factors such as your debt and credit history.  Mortgage lenders typically use the housing expense and debt to income ratios to more accurately determine how much you can afford to spend on your mortgage.