There is also a three-digit code number assigned to each currency, in the same manner as there is also a three-digit code number assigned to each country as part of ISO 3166. This numeric code is usually the same as the ISO 3166-1 numeric code.
This calculator uses these guidelines for determining how much house you can afford, which are similar to common underwriting criteria that mortgage lenders use. 1  Your total mortgage payment should be no more than 28 percent of your gross monthly income.
You generally get approved for 3 times your income, depending on how much debt you have. In your case, it sounds like none, so I would imagine you would get approved for about $150,000. You will probably need a downpayment of at least 3%, though.or a 30 year fixed mortgage, borrowing $150,000 at 6.25% (fixed rate, 30 year loan) the principal and interest would amount to $923.58. The 6.25% is a pretty good rate right now and I have to mention that this is where your credit score will factor in strongly. You need to get a copy of your credit report with score.