What is the maximum I can borrow with an income of 75-80K and no debt besides my car payment of $270, (will be paid off in 6 months)

Are you looking to put 20% or more down? If not then mortgage insurance would be required and that monthly amount would reduce your max loan amount. The loan type, (conventional/FHA/VA/USDA) will also render different amounts. I'm a licensed mortgage originator in Albuquerque and would be glad to answer your question and point you in the right direction. Charlie Sparks, 505-350-3745 or www.mortgageNM.net for more info. NMLS ID 195031

Ball parking would be using 6500.00 as a monthly income. You can use 50% of that or 3250.00 for a total payment, the car if less than 10 months wont have to be included....Good Luck

The cheating ballpark for most people is simply 4 times your yearly income.