u/Fabulous-Fix5327

Hello!

We are trying to buy our very first home. We have been searching for a few months now in Rochester, which is one of the most competitive markets in the U.S. Thus far, both houses we've made offers on have sold for $100,000 over asking. It's tough out here.

We've found one that we really like, so help us decide: how much house can we afford?

• Gross Income After Tax: $96,000
• Avg Monthly Expenses: $1,900
• Planned Downpayment: $65,000-70,000
• Monthly Debt Payments: $350

We're accounting for a future of $7,300/yr in property taxes, 1,500/yr in home insurance, and rates are at 6%. We've tried online calculators, but haven't had solid answer yet. Thank you!