Main Office Commercial
Macon Residential Sales
Warner Robins Residential
  • 151 S Houston Lake Rd.
    Warner Robins, GA 31088
  • 478-953-2244
Warner Robins Commercial
  • 151 S Houston Lake Rd.
    Warner Robins, GA 31088
  • 478-971-8000
Milledgeville/Lake Sinclair

Home Buying - How Much House Can I Afford?


As you begin to shop for a home, knowing how much house you can afford is a critical first step. The best way to determine your affordability is to meet with a reputable mortgage lender. The purpose will be to discuss your financial situation and prequalify for a home loan. During this process, known as prequalification, a professional mortgage lender will be happy to help you without further obligation to prequalify for a home loan. For a rough estimate of the house payment you can afford, you may follow the steps here:

Step One - INCOME RATIO (28%)

Multiply Total Gross (before taxes) Monthly Income (self + any
co-borrowers) by .28 to get your Estimated Maximum Monthly House Payment.
$ x .28 = $

Step Two - TOTAL DEBT RATIO (36%)

(A) Multiply your Total Gross Monthly Income by .36. $ x .36 = $
(B) Add together your Monthly Installment Debts. (Include all debts with 10 or more payments remaining, e.g., car, credit cards, child support / alimony)
(C) Subtract the answer (B) from (A) to get your Estimated Maximum Monthly House Payment (principal, interest, taxes and insurance) (A) $ - (B) $ = (C) $ *

* If a difference exists between the amounts of your Estimated Maximum Monthly House Payment in Step One and Step Two, use the lesser of the two as your guideline. Before a lender makes a decision regarding your loan, additional information will be requested (credit history, other income sources, etc.). Formulas and ratios may vary based on loan type and lender.

Selling a home can be complex. Fickling & Company uses market analysis, MLS listing services, an extensive advertising campaign, and the expertise of our professional real estate agents to help you with selling your home in the Middle Georgia area.

working with a realtor

Contact Us

Macon Office
2960 Riverside Drive,
Suite 200 Macon, GA 31204
478-757-6988 - Fax
Map Location

Warner Robins Office
151 S. Houston Lake Boulevard, Suite 140
Warner Robins, GA 31088
478-953-3913 - Fax
Map Location

Milledgeville Office
133 East Hancock Street
Milledgeville, GA 31061
478-997-6400 - Fax
Map Location


Do you have questions? Contact us »