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How To Know How Much House You Can Afford

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Calculate your monthly mortgage payment: bitly/3AVutFE
Comment from : @TheRamseyShow

My rent is over 25 of my take home Homes in my area start at 350(mind you this is an old house in need of repairs) which would put me at over 50 of my take home each month Likely worse
Comment from : @RiceCrisp320

Now it’s like 4,350
Comment from : @amandamartinez7906

Zero kids? What is it with you Yanks and no children I've 5 or 6
Comment from : @robovac3557

Oh boy, what i would do for a house thats only 25 of my monthly income
Comment from : @TMumblez

It's time to acknowledge that a return to 3 mortgage rates may be unrealistic If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations I know I'm not the only one who shares this outlook_
Comment from : @jessicasquire

It’s crazy because I make $112k/year, which I’d think is a lot, especially for a 28 year old; However, after taxes, health insurance and 401k, I only have $6,100/month 25 of that is $1500/month and I don’t know what kind of house I can buy with that!!
Comment from : @Z_Co95

Is this on a combined monthly income or single ?
Comment from : @Aufamm

I dont understand how people can afford a home now Im single, no kids, paid off car and only 4000 in debt I only make 2000 a month You think i can afford a home?! Gtfo!!!
Comment from : @FadedHolySoldier

This is good advice
Comment from : @TangerineHorizons

Why buy a house you cant afford ??? My a cracker boxlive in it Enjoy life ! No debt !
Comment from : @hairymanonetwo

800k in south central 😂😂😂
Comment from : @LxTxSURGE

They are both 30 and they still have no kidsbrThey plan on having kids when she is 30 or olderbrThat will not work out A woman should have kids between 18-25, and 30 is the MAX After 30, forget about itbrTheir life was not planned, it is too late now, and they ruined it
Comment from : @LogicalPsychopath

Dave is right on what you can afford, but reality is not many can put 20 down 15 loan while keeping payment under 25 of monthly income Many can't even do a 30 yr long with 5 down and keep payment under 25 of monthly income
Comment from : @DeportillegalAliens

Just saw a dope looking house 112 millionbr65k sq feet and it says about 77k monthly😆 gimme over the summer and ima have that in the bag fosho🗣️🙏
Comment from : @justawildgengar

According to Dave’s advice, I can afford a 45,000 house! 😂
Comment from : @oldtomplatz8862

30 year’s old with no kids or mortgage debt and he is asking if it’s okay to buy a house in the beginning of grad school? I think he should know better than to ask a question that has the most common sense answer and to the fact that he has no clue what he is asking but soon enough he’s going to mess around and find out! 🤔$$$$$$
Comment from : @jrtuck9895

Anyone in the comment section know the process to make money to afford a mortgage? (All tips, advice, and help does help)
Comment from : @boredfive3001

I make 85k a year (not including the extra 15-20k annually from OT) 25 of my take home is 967 per month 😂 you cant rent an apartment with that number lol
Comment from : @dannyflay8671

Im single
Comment from : @brandonboss6868

25 of you take home pay is pretty vague, is that weekly, monthly, annually?
Comment from : @kevinparis6782

When she comes out of school, she's going to want to be a stay home mom and screw you over big time
Comment from : @christopherpaige406

Lol try living in Australia it’s a game of who can over leverage themselves the most
Comment from : @azza4793

Is it supposed to 25 of gross income or take home/ net income
Comment from : @soumibhowmik5528

Man we got a yapper over here
Comment from : @tomlovett3174

The ESPN of finance
Comment from : @WatbabyluvWDCM

25 of my annual income would be 6k 😅 Maybe I should get a tent lol
Comment from : @annatheawesome1

God this adulting shit sucks 🤣
Comment from : @elijahjordan

Over the years that percentage will shrink which is good My mortgage 15 years in is just 5 of my income Patience my friends
Comment from : @niltomega2978

Dave ramsey talked for 10 minutes and gave zero answers
Comment from : @MrBill-ee4mr

I can’t afford shit
Comment from : @richard-mai

With my home, taxes, and insurance I am at 20 I personally wouldn't want to be any higher
Comment from : @danwalsh3163

25 of take home income? And is that 25 just the mortgage or all other payments that go along with the house (property tax, home owners insurance, hoa if there is one, etc…?)
Comment from : @zerorayne4782

This is a really good question
Comment from : @BrianaBudgets

I’m a 23 year old contemplating on signing a loan with 65 a payment of roughly $1,607 with escrow (homeowners insurance and property taxes included) I make roughly $2k a month and my friend makes $18k a month Will this be enough? Do you guys think I could be able to afford? please advise
Comment from : @tqmpuchis

Stop thinking about college funds and teach your kids how start a business without going to college
Comment from : @gersoncruz641

The average person cannot afford a decent family home in 2023 Not on the salary the wealthy pay, not even with a good college degree
Comment from : @kellyyork3898

For many you would expect to earn more the in the years to come
Comment from : @cliftonhammock1152

People need to buy a home based upon having kids in the future and generations
Comment from : @sandstew2697

Lol you would have to pay me to live in that democrat state
Comment from : @JeffRogers99

Great video🤩
Comment from : @mortgagewithclare

Does the take home pay is after the 401K, roth HOA and such deductions or before that?
Comment from : @bakkabava

the 25 rule is ridiculous, especially in CA the rule of thumb is 36 of your GROSS pay on a 30 yr mortgage, not 25 of take home pay on 15 yr mortgage lolol
Comment from : @imsuperioroso

Turns out, any home is too much home now 😂😢
Comment from : @pt192

Reality : Average home price in USA is now $400K Rents are skyrocketing People are paying $1500 to $2K in monthly rent but cant qualify for a $1700 mortgage The Industry is insane
Comment from : @matt75hooper

I was approved for a $540 mortgage I paid $380 I didn’t want to be house poor
Comment from : @Michelles_Daughter

Meanwhile with today's home prices: I could maybe afford a used portapotty with a mattress on the side of the road if I starve myself every other day
Comment from : @skycaptain95

Just wait until the next strain of Coronavirus, maybe this one will actually be the "Boomer Remover" it was supposed to be and we can all become homeowners!
Comment from : @paulblichmann2791

When I had my apartment my rent was 1,010$ so when I was looking to buy a house my goal was for the monthly payment (escrowed) to be as much or less than my rent
Comment from : @texasbornrefinerymade753

I want this exact question answered today
Comment from : @christopherhutchens8077

Is Dave’s rule of 25 after taxes or pre tax?
Comment from : @Matt_Funk

25 HA try that here in the bay area for a 29m house, 528k household annual income uhhh 🤔 I'm moving
Comment from : @silasdietrich7464

Is the 25 of take-home pay recommendation supposed to include property tax and home owner insurance, or is it solely the mortgage?
Comment from : @deetee2730

WANT TO BUY DUPLEX WITH MY VA LOAN? OR SHOULD I GET REGULAR HOUSE
Comment from : @calebmcnelly2885

25 on a 15 YEAR NOT 30, big difference
Comment from : @YummyFood454

25 of gross or net?
Comment from : @BoriPR82

When he says 25, does that mean, that amount times your mortgage rate?
Comment from : @ShangTsung917

Is it still possible to buy a house in 2022? 😅 I live in VA and even a run down townhouse is almost 400k
Comment from : @AG-ww4jl

Just purchased my first home at 28brBe patient and trust your gut If you are not comfortable with certain numbers walk away
Comment from : @asmranonymousgaming901

My mortgage is less than 25 but, I lived in a not so good neighborhood House are to the roof right now Any new home at a 15 year fixed rate even with 140000 of equity that I have will be higher than 25
Comment from : @joelbarajas2780

You can't even get an 80k house without it being a dump and needing repairs
Comment from : @stock7628

Why not wait until she graduates and gets a job What is the rush?
Comment from : @imdoc7872

So is take home pay your salary minus taxes minus whatever you are putting into a 401k?
Comment from : @zachg9065

House poor I see that all the time
Comment from : @JohnDoe-ut3sz

That's Good Stuff Brother Dave!!!
Comment from : @BrandonJAguirre

So I need to make $16k a month take home to buy a house in Southern California?
Comment from : @romangray8584

That’s resale tough to do on the west coast
Comment from : @RyanABC123

I really appreciate videos like this, that explains the logic behind the advice Thank you
Comment from : @masonr1666

I’m currently looking for my first home, I’m a Veteran Deciding on which state will suit me best Any thoughts you all?
Comment from : @toddryan0108

About 30 means 28
Comment from : @maribt9987

Move to Johnstown, Pa cheap homes easy to build wealth
Comment from : @bryanz242

So most people in California can't?
Comment from : @contrerasmcr100

The consensus is to never mortgage a house that is more than twice your yearly take homeunless you want to eat a 30yr payment plan Start small, work your way up the ladder If she's in graduate school and you buy a home now, she will have to find a new job locally
Comment from : @doctorlongmoney8816

House rich, cash poor
Comment from : @terrywix6844

Is the 25 after tax or before tax?
Comment from : @tehonlygod

I live in LA, with that rule like that I could only afford 900 a month Lol good luck with that that’s as close as being homeless or a apt in the hood
Comment from : @kinbg