Can You Actually Afford a $400,000 Home? (Full Breakdown)

Let's break down how much money you need to make to "comfortably afford" a $400k home! 📞 WORK WITH ME IN PHOENIX, AZ ► Call or text: 623-707-9836 ► Email: [email protected] ► Schedule an appointment: https://calendly.com/meetjavy/homebuyer 🌎 BUYING OUTSIDE OF PHOENIX? Get connected with a vetted agent anywhere in the US. ► https://homeandmoney.com/javier/ 🧰 FREE HOME BUYING RESOURCES ► Guides & tools I built: https://javiervidana.gumroad.com/l/silsl 👥 JOIN THE COMMUNITY ► Instagram:   / arizonajavy   ► Discord:   / discord   ► Twitch:   / javiervidana   00:00 Introduction 01:53 What You Need to Follow Along 03:36 Monthly Payment Breakdown: FHA (3.5% Down) 04:22 Monthly Payment Breakdown: Conventional (5% Down) 05:37 Monthly Payment Breakdown: 20% Down 07:04 Comparing All Three Down Payment Options 08:00 The Three Affordability Rules Explained 10:06 What Income You Actually Need at 25% Rule 12:12 What Income the Lender Will Qualify You For 13:35 The Full Income Chart by Down Payment and Rule 15:00 Alternatives If You Can't Afford a $400K House 18:03 Closing Thoughts