How much house can you afford in Connecticut?
Lenders typically use the 28/36 rule: housing costs should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. Connecticut's higher property taxes in some towns mean you should budget for local mill rates when estimating affordability.
Don't forget closing costs
Beyond the down payment, Connecticut buyers pay for title insurance, attorney fees, inspections, and recording fees. Use our closing cost estimator for a fuller picture.