Calculate using real Killeen data. Median home price: $200,000. Property tax rate: 1.92%.
With the median household income of $49,672 in Killeen, TX, following the 28% rule, you could afford a monthly payment of about $1,159.
The cost of living index in Killeen, TX is 82 (national average = 100). A home at the median price of $200,000 would require roughly 4x the median income.
A conventional 20% down payment on the median Killeen, TX home ($200,000) would be $40,000. FHA loans may require as little as 3.5% ($7,000).