Can you afford to live alone?
The average spending per month for a single person in the United States is $3,693 per month ($44,312 per year), according to 2022 data from the Bureau of Labor Statistics’ Consumer Expenditure Study.
Navigate the biggest purchase of your life with confidence. We break down the complex process of homeownership into manageable steps—from saving for a down payment to understanding mortgages and closing costs. Discover how to evaluate what you can truly afford, recognize value in the market, and avoid costly mistakes. Our guidance helps you turn the dream of homeownership into reality while protecting your financial health.
The average spending per month for a single person in the United States is $3,693 per month ($44,312 per year), according to 2022 data from the Bureau of Labor Statistics’ Consumer Expenditure Study.
An FHA loan is a home mortgage that is insured by the Federal Housing Administration. FHA loans have lower down payment and credit requirements than conventional mortgages, but they may be considerably more expensive.
Here’s a breakdown of what a mortgage is, how a mortgage works, and the most important things to know before shopping for one.
How much can I get pre-approved for? Use our mortgage pre-approval calculator to estimate your maximum mortgage amount.
Banks may approve mortgage payments of up to 35% of your pretax income. But some experts advise limiting payments to no more than 25% of your after-tax income. Here’s why it matters.
Shop for your new home the smart way. Learn how to calculate how much house you can afford before hitting that open house or applying for a mortgage.
There’s a big difference between what you’ll pay in interest over time if you’re offered a 3% vs. a 4% mortgage rate. Let’s take a look at the factors that determine your mortgage rate and calculate how much you’ll pay
Our simple mortgage calculator will show your total estimated monthly mortgage payment based on: The value of the home you’re considering. Your down payment amount. The interest rate. The term (length in years) of the loan. Learn more how to
Use Money Under 30’s home affordability calculator to find out how much home you can afford. Your home is one of the largest purchases of your lifetime. The ensuing mortgage, taxes, and maintenance expenses will impact your finances for the
Forget New York and San Francisco. These 11 cities strike the perfect balance between affordability and fun — which is why we named them the best cities in America to be young, broke, and single. We’ve seen all sorts of
Moving home isn’t fun for most, so should you do it? If you’re looking to save money, it’s one of the more effective saving methods…if you do it right.
Whether you’re trying to conserve a cash cushion or buying in a fast rising market, there are times when it does make sense to put less than 20% down on a house.