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Is my math wrong? How you would calculate this 👇 Here's the formula: * Salary ÷ 12 months = your monthly gross pay * Minus taxes = monthly take-home pay * X 30% = max mortgage payment At 6% interest, 30 years, 20% down, here's what that gets you: * $50,000 salary → $225,000 home → $1,079/mo * $60,000 salary → $275,000 home → $1,319/mo * $75,000 salary → $340,000 home → $1,631/mo * $100,000 salary → $430,000 home → $2,062/mo * $150,000 salary → $625,000 home → $2,998/mo Save this before you start house hunting. #realestate #PersonalFinance #howmuchhousecanyouafford #homebuying #firsttimehomebuyer