Calculate using real San Antonio data. Median home price: $260,000. Property tax rate: 1.9%.
With the median household income of $55,284 in San Antonio, TX, following the 28% rule, you could afford a monthly payment of about $1,290.
The cost of living index in San Antonio, TX is 88 (national average = 100). A home at the median price of $260,000 would require roughly 4.7x the median income.
A conventional 20% down payment on the median San Antonio, TX home ($260,000) would be $52,000. FHA loans may require as little as 3.5% ($9,100).