How much house can I qualify for?

Before starting your search for a new home you should at least have an idea of what price range you should look for.
This is determined by the type of home you're searching, the area where you live or where you want to move, and most important, by your income.
Generally 36 percent of debt on your income is the limit used by mortgage lenders to establish if you'll be given a loan.
Assuming that you won't be able to pay more than that monthly makes sense, and it is composed by your preexisting debt and loan monthly payment.
Let's do the math:
if you ( and your partner if any ) earn $7000 monthly before taxes, the maximum amount of monthly debt would be $2520 ( 36% of $7000 ).
Assuming your total monthly debt (homeowners insurance, property taxes etc) is $700, then your monthly mortgage payment couldn't be higher than $2520 - $700 = $1820.
Obviously this is just an example but it should give you an idea of how to understand what kind of monthly payment you can consider.

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