Calculate using real Sunnyvale data. Median home price: $1,600,000. Property tax rate: 0.74%.
With the median household income of $148,650 in Sunnyvale, CA, following the 28% rule, you could afford a monthly payment of about $3,469.
The cost of living index in Sunnyvale, CA is 195 (national average = 100). A home at the median price of $1,600,000 would require roughly 10.8x the median income.
A conventional 20% down payment on the median Sunnyvale, CA home ($1,600,000) would be $320,000. FHA loans may require as little as 3.5% ($56,000).