You might be better served by arriving at an ideal monthly payment for your specific situation. You should determine the dollar amount of your current living expenses and then assess how well your overall current obligations are being met. If everything is being paid on time and a few hundred dollars are still left over after you've allocated an acceptable portion of your income to savings, you might be in a pretty good position to buy.
Here's a white paper that may help you understand how to prepare to purchase a home. It should not be considered legal advise nor agent counsel, and it does not (nor cannot) specifically answer your question about a price range, but does cover some important information about how a lender will evaluate your readiness at this time.
You'll find additional steps in the lower left area of the blog site below.
If you are not working with an agent, please call so that we can discuss your specific needs.
REALTORÂ® Keller Williams Realty Atlanta Partners
The loan officer will look into what other debts you have that need to be factored in, but will need to get an idea of what the property taxes and homeowner's insurance tend to be in your area. What I usually do is ask my clients what kind of things they have been looking at. We will start with that price range, and see if they have enough money for a down payment and closing costs, then see if the debt-to-income ratio will work.
To get a recommendation, ask any friend, relative or co-worker who has purchase a home recently.