To help you determine your monthly allowable mortgage payment, it's important for a lender to review your financial profile. The monthly payment is more important than the sales price that the lender gives you. When you factor in all the components of a monthly mortgage payment, you may not be able to afford a home with the same sales price due to the difference in taxes, homeowners assocation and/or condo fees associated with the property.
A mortgage payment breakdown of PITI:
Plus private mortgage insurance, HOA, Condo fees