What’s a fair calculator to know your affordable mortgage?

One online have a wide range in what’s considered “affordable”
Pre bonus and equity I earn 110k/yr in Wash DC.
I’ve seen 33% net income, but honestly $1650/mo CANT even get a 500sqft condo on rent.
30% gross is $2750/mo 😱
Others say I can afford 600k houses but that seems irresponsible and ridiculous.
My current rent is $1750 for a small 1bd1ba (cheap) but I’m sacrificing my safety in my neighborhood. No frills apt.

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My very monetarily conservative parents always told me to make monthly payments a third of net income and not mortgage more than 3x your salary. However with 7%+ rates, it’s pretty damn difficult to follow this

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Especially with home prices these days, that means that we can’t truly afford to buy a home until we make $300k/year?! My SO and I both have high-paying jobs in great careers and are so far from homeownership.

It depends on your other debt/spending. My lender recommended 33% gross but for your overall debt, not just mortgage, and won’t approve anything that would mean going above more than I think 40-ish% gross for overall debt. Also, just because you can get approved for a certain amount doesn’t mean you can actually afford comfortably.

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