<prompt> Human: Hello everyone. So Ive been looking to buy a house recently. Im 25 and still living at home with my parents at the moment so expenses are pretty low. I just want to know how much I can afford on my budget. The area Im looking at has houses everywhere from 200k to a few million. Im thinking my absolute max budget would be around 400k. Heres a list of my monthly budget actually more like an expense list since I dont really adhere to a tight budget at all: Eating out - 300 Groceries - 150 Gas Insurance - 180 Train Parking - 250 Clothes Personal Care - 50 Pet Care - 40 Gifts - 100 Hobby Entertainment - 200 Student Loan 1 47k - 360 Student Loan 2 22k - 300 Total - 1930Like I said this is more of an expense report since I dont adhere to a budget, and this is probably on the higher end, but Ive always found it best to account for worst case. My take home weekly pay is 1230, so usually 4920 monthly again I know some months have 5 weeks, but I like to account for worst case. I can save a few thousand a month and I already have 22k in a savings account. Assuming I want to put a solid 20 down on a house, whats the most expensive house Id be able to afford?EDIT: I forgot to mention, I am not planning on buying a house immediately. Im planning to buy one sometime next summer. This would allow me to build up an additional 30k in savings. Hopefully with the bonus and tax return this would actually be closer to 40k, bringing my total savings to 60k.Assistant: Are you saving for retirement? That will affect what advice you receive.A general rule is that your housing expenses should be no more than 30 of your take home pay. That includes property tax and insurance. Another rule of thumb is that your house should be no more than 3x your yearly income.So given the information youve provided, Id look for houses in the 270k-300k range which, with a good rate, no PMI, and reasonable insurance, would cost you about 1650month. If you arent saving for retirement, that number would decrease.Human: Given his savings he cant afford a 270k-300k home with no PMI. He currently could afford an 80k home. Assistant: You are correct given my current circumstances. I failed to mention that I dont plan on buying a home until some time next summer though which should allow me to substantially increase my savings.  <response>: Yes, I was basing all that off a 20 downpayment, which at your current rate of saving would take you 3-4 years to accumulate.Also keep in mind that you should have a full emergency fund before you buy a house as well, so make sure youre not counting that in your home savings. On top of that, plan on 5 or so of the homes value as the cost of purchasing the home, so youll want to have that saved up as well. 