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How Much Should I Pay a Month for a Car or House?

It’s an important question to ask. Your house and car payments are likely two of your biggest expenses, so keeping your costs reasonable in these two areas can help improve your personal cash flow. Paying too much can cause you to live from paycheck to paycheck, and budgeting too little can mean you purchase a car or home you don’t like or cannot keep.

Before you start the approval process for new home loans or car financing, use our calculators to determine what you can comfortably afford. It’s important to get an unbiased view of how much you can afford before you shop with lenders — they may be willing to lend you more than you can comfortably afford since they have a vested financial interest to do so. The more you borrow, the more they earn in interest. Get a neutral, third-party estimate by using the Money Help Center calculators so you can keep your home and car affordable.