Homebuyers in 2025 are facing a tough question — how much house can you really afford?
Even though mortgage rates have cooled slightly to around 6.27%, the median U.S. home price is still near $389,750, keeping affordability tight for first-time buyers.
In this video, Alex Schult breaks down exactly how to calculate what you can afford in today’s market using real-world examples — including what a $300,000 home looks like at current rates.
You’ll learn:
* How to calculate your monthly budget using the 28/36 rule
* How your down payment impacts affordability
* The difference between loan types and terms
* How credit score, APR, and PMI affect what you can buy
* And why understanding these numbers is essential before you start shopping for a home
Whether you’re a first-time buyer or just testing the waters, this video gives you the clarity you need to buy smart — not stretched.
Resources Mentioned:
• Home Affordability Calculator (link to your site or lender partner)
• Redfin Housing Data – October 2025
• Realtor.com Affordability Report
Timestamps :
0:00 – How Much Can You Afford?
0:18 – 2025 Housing Market Snapshot
0:40 – What Affects Affordability
1:55 – The 28/36 Rule
2:43 – Down Payment Choices
4:35 – Hidden Home Costs
5:19 – Loan Types & Terms
6:27 – Credit Score Impact
7:11 – Get Pre-Qualified
8:29 – Final Recap
#homeaffordability #mortgagerates #firsttimehomebuyer #realestate2025 #mortgagetips
Alex Schult CA DRE License # 02236174 KW Spectrum Properties
📲 Text: 949-726-2601
📧 Email: aschult@kw.com
🎥 Videos You May Like
What Is a Home Equity Line of Credit (HELOC)? : https://youtu.be/7QZXe95UL3M
Foreclosures Are Rising Again — What’s Really Going On in 2025? : https://youtu.be/Q0sydyrs7F4
DISCLAIMER:
This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.
3
How Much House Can You REALLY Afford in 2025?