Calculate using real Frisco data. Median home price: $520,000. Property tax rate: 1.78%.
With the median household income of $132,158 in Frisco, TX, following the 28% rule, you could afford a monthly payment of about $3,084.
The cost of living index in Frisco, TX is 110 (national average = 100). A home at the median price of $520,000 would require roughly 3.9x the median income.
A conventional 20% down payment on the median Frisco, TX home ($520,000) would be $104,000. FHA loans may require as little as 3.5% ($18,200).