How much less home will I be able to buy if I purchase a new car?

How much less home will I be able to buy if I purchase a new car?
The true cost of that new car on your house budget
Debt to Income Ratio is the single biggest factor after down payment and note rate
Debt to Income Ratio is the single biggest factor after down payment and note rate

After interest rate and down payment, monthly income compared to monthly debts (DTI) have the biggest impact on just how much home a person can afford so let’s see what that looks like in real life.

Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183