Home Affordability Calculator
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Alex Marukos, CFA, CFP®
Experts tell you that you can afford a home if you're home expenses are 28% or less of your salary. They're wrong. I've seen many homebuyers use this rule only to financially handicap themselves for 30 years.
The house you can afford will allow you to save a desired percentage of after-tax income AFTER you purchase the home. Why? Because once you live in the home, you have to be able to save for other items like vacations, college savings for kids, your emergency fund, and more.
That's why you need Moneyskope's Home Affordability Calculator. It's an easy-to-use workbook that allows you to quickly see how much home you can afford.
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