In general, the amount you can afford to spend on a home is a combination of your cash on hand, your salary, and your outstanding debt.

For your specific situation, please visit ZipRealty's affordability calculator to see how much you can afford to spend on a home. This calculator is a free, anonymous service, which asks you for basic salary, savings, and debt information.

http://www.ziprealty.com/calculators/showcalc.jsp?calc=home01

A sound financing plan will help you approach the home-buying process with confidence, and will greatly improve your negotiating position in the transaction.