Buying a home is a big decision and commitment. Do you know how much you can afford?
This is a useful tool for calculating the factors that go into deciding on a budget.
The Location Affordability Index (LAI) estimates the percentage of a family’s income dedicated to the combined cost of housing and transportation in a given location. Because what is “affordable” is different for everyone, you can choose among a diverse set of family profiles—which vary by household income, size, and number of commuters—and see the affordability landscape for each one in your neighborhood, city, or region.