How much house can we afford?

When I bought my first house, I wanted to make sure we could afford it on just one income, just in case something happened to one of us. Sure enough, it did, and I was very happy that I could still afford the payment on my own. I used to be a mortgage loan underwriter, so I know they will let you go 28 or 30 percent sometimes more depending on the mortgage company and their guidelines, of your annual income. But you must take into consideration inflation and what would happen if one of you would get laid off. If you are pretty sure that you wouldn't have any problem getting another job making the same money, then that is fine. Go for the full amount. Although, you might also consider any other debt that you may have and whether you will need to buy a new vehicle any time soon. Good luck to you in purchasing a new home. And always remember, live below your means. Have a great day!