Calculate using real Brownsville data. Median home price: $145,000. Property tax rate: 1.9%.
With the median household income of $38,524 in Brownsville, TX, following the 28% rule, you could afford a monthly payment of about $899.
The cost of living index in Brownsville, TX is 78 (national average = 100). A home at the median price of $145,000 would require roughly 3.8x the median income.
A conventional 20% down payment on the median Brownsville, TX home ($145,000) would be $29,000. FHA loans may require as little as 3.5% ($5,075).