With average taxes ranging from 5 to 6000 on the low side, and then your insurance fees and mortgage premium insurance fees put together probably another little bit taken off the top, Your left with enough for a decent starter home with a down payment of 3.5 percent down. Now you have to have a mortgage pro look at your credit and income and see what you qualify for and then the Realtor whol will help you locate the best home that will suit your lifestyle. My best guess is to start with a qualifed Realtor who will then lead you to a qualifed loan rep and the rest should be easy. What most rentors don't realize is that with the tax benefit , depending on your income you can receive an additional 20 to 30 percent more reduction in your payment after consulting with an accountant. Go for it.