If you buy a condo or a home in a planned community, HOA fees can add hundreds to your monthly total, directly reducing the loan amount you can afford.
The following estimates assume a at current national average rates (approximately 6.1% to 6.2% as of April 27, 2026). Scenario A: 3% Down Payment ($415,000 House) This is common for first-time buyers using FHA loans . Principal & Interest: ~$2,450 Taxes & Insurance: ~$400–$500 PMI (Mortgage Insurance): ~$100–$150 Total Monthly: $3,000 Scenario B: 20% Down Payment ($500,000 House) how much house will 3000 a month buy
Affordability Calculator - How Much House Can I Afford? - Zillow If you buy a condo or a home