How Much House Can I Afford with Bad Credit?

How much house you can afford depends on your debt-to-income ratio, which is the percentage of your gross income used to cover your mortgage and other debt payments. When considering how much house you can afford, don’t forget to factor in things like property taxes, mortgage insurance, and homeowners’ insurance. Having an escrow account can be a helpful way to save for these expenses. You can also check out this mortgage payment calculator to get an estimate of what your monthly payments might be.