It is really complicated. I do know that in expensive markets the % of income used on housing is way higher than say in the Deep South or Midwest. I think you need to figure out where you want to live then figure out a way to check the boxes to get there. The realtors all say location, location, location and they are probably not far off from being right. With the big chunk you can put down and wanting to keep the house for a long time you can probably spend more than your original ceiling.
My personal advice is not to get too house poor and can't be able to enjoy the other parts of life than home ownership. Good luck.
My personal advice is not to get too house poor and can't be able to enjoy the other parts of life than home ownership. Good luck.