My best recommendation is to get pre-qualified with a lender. This process will not just give you a pre-approval but a lot of insight into what you can afford. Depending on how much money you are putting down you may have additional monies in your housing payments such as mortgage insurance or upfront mortgage insurance premiums. This can dramatically affect you afordability. Once you know what your ideal payment is, you will be able to easily back in to the home you want to buy and be in a better position to more effectively negotiate a good deal. If you need some lender recommendations, just let me know, and I can help you get some good advice/guidance in that area. Hope that helps.