In this video, Marko shows you exactly how to calculate how much house you can afford.

There are a lot of different schools of thought that talk about how much house you can afford, but he is going to err on the side of being conservative when calculating this number.

Knowing how much house you can afford is important because you don't want to be house poor. You want to be able to invest, travel, give to others, and have money set aside for a rainy day. If you can't afford the house that you're buying, you may run into trouble saving up for these things.

Watch the entire video because this spreadsheet is very powerful.

Personal Finance: "How Much Home Can You Comfortably Afford? - How to calculate how much house you can afford."