Take the assessment and find out.

Do you have an emergency fund?

Having 3–6 months of expenses saved up keeps you protected as a homeowner. That way, if you hit some bumps in the road, you’re not sweating—or broke.

What’s your ideal home price?

This will help figure out which homes and neighborhoods work with your budget.

When do you want to move?

Your timeline is important. Are you just trying to plan for the years ahead, or are you actively looking for a home to move into next month?

Where are you moving to?

Are you staying local? Or are you relocating to another state? This could affect the amount of house you can afford based on your budget.

How much have you saved for a down payment?

Aim for 20% of the total home price to avoid paying private mortgage insurance (PMI). But 5–10% is okay for first-time home buyers—as long as you stick with a 15-year fixed-rate mortgage and avoid FHA and VA loans.

What’s your monthly take-home pay?

Your safest bet is limiting your monthly payment to 25% of your monthly take-home pay so you have room in your budget for other financial goals.