What Can I Afford? Ready to buy a home given the pros and cons? Great. Now comes the time to decide on a price range that is realistic: what can you afford? Get into home shopping shape using Loanzify's mortgage calculators and our budget planning tips below. Budget Planning Need to-Knows: As a general rule, the cost of your home should not exceed 3 times the amount of your gross annual income. Do not forget that your down payment is not the only cost necessary