Realtor Colorado Springs | PropTech | List Homes

How Much House Can You Really Afford in 2026? Smart Strategies for First-Time & Savvy Buyers With mortgage rates hovering around 6–6.5% and prices still elevated in many areas, knowing your true affordability is more important than ever. Lenders may approve you for more than you should comfortably spend. This guide helps you determine a realistic budget and shares proven strategies to afford the home you want—without financial stress. Step 1: Understand the Core Rules of Thumb 28/36 Rule : Keep housing costs (mortgage + taxes + insurance + HOA) ≤ 28% of your gross monthly income. Total debt (including housing) ≤ 36%. 30% Housing Rule : Many financial experts recommend total housing expenses stay under 30% of take-home pay for breathing room. 2.5x Income Guideline : Your home price should be roughly 2–3 times your annual gross income (adjust down in high-rate/high-cost areas). Example : On a $100,000 combined gross income ($8,333/month), aim for ~$2,333 m...

Colorado Springs Utilities Energy Wise Rates 2026: The Complete Guide Published: June 2026 | Updated with latest official data from CSU Expert analysis of the new time-of-day electric rates, how they work, how much they cost, and proven ways to lower your bill. How It Works | Current Rates | Bill Impacts | How to Save | Rate Alternatives Colorado Springs Utilities fully transitioned most customers to Energy Wise Rates in early 2026. This is the biggest change to residential electricity billing in decades. Your cost now depends on when you use power — not just how much. Key Fact: ~88% of the week is now off-peak (lower rates). Shifting usage can save you money or keep bills flat. How Energy Wise Rates Work On-Peak Hours (higher rates): Weekdays 5:00 p.m. – 9:00 p.m. (no weekends or major holidays). ...