re: How much home can I afford?

quote:

---

Gross Salary: 110K
Available for down payment: 100K - 125k

---

You're basically me, but with an extra $40-65k in down payment and 5-10 years younger (congrats).

I'm looking for places in the ~$370k range in Metairie. That would allow me to save $1000/month. With your down payment, you can get away with around $415k and do the same. I know that inflation is terrible right now, but if my salary keeps up with inflation, an extra $1000k/month (in today's money) is a comfortable cushion.

Your current rent being $800 seems like a good deal for the NOLA area, especially if you're comfortable with where you are. I'd recommend that you keep on saving. Interest rates are going up, so I think that housing prices have pretty much peaked. If you can keep that cheap rent, then run with it.