A target payment can't become a purchase price until we know your down payment. The same monthly payment supports very different prices depending on what you put down. A 3%-down scenario and a 20%-down scenario spread the money completely differently, so one target payment can point to two prices tens of thousands of dollars apart. The other moving parts inside that payment matter too: - Property taxes and homeowners insurance vary a lot by area. - HOA dues and mortgage insurance, where they apply, eat into what's left for principal and interest, which lowers the price your payment supports. - The rate you actually qualify for moves the number again. A target payment is a great starting point. It turns into a real purchase price once we plug in your down payment, your local taxes and insurance, and the rate you'd actually get. That's exactly what we run in a free Roadmap conversation, about 20 minutes, and you walk away with your actual numbers instead of a rule of thumb.