You go looking for location where you want to buy a house. You apply for a mortgage loan from the bank, $260,000. They agree to loan you 95% the money for the property with your FHA loan. You must pay the 5% down payment, and your monthly payments can not exceed 36% of your monthly income. How much do you need to put down to buy this house? How much income do you need to maintain monthly to be awarded a 30-year fixed loan from the bank? Which property have you decided you can afford and want to own?