Call Us(702) 550-0112

How Much Can I Afford in Summerlin West?

Understanding Your Budget for The Vistas, Stonebridge & The Paseos

Determining how much you can afford is the critical first step when buying a home in Summerlin West's diverse communities. As the Summerlin West Team at Berkshire Hathaway HomeServices, led by Team Leader Dr. Jan Duffy, we guide buyers through affordability analysis specific to purchasing in The Vistas luxury market, Stonebridge family neighborhoods, The Paseos balanced luxury communities, and all Summerlin West areas. Understanding your true budget—beyond simple mortgage calculators—ensures you target the right Summerlin West communities and price ranges for sustainable homeownership without financial stress.

The 28/36 Rule for Summerlin West Homes

Understanding Debt-to-Income Ratios

Lenders typically use the 28/36 rule when approving mortgages for Summerlin West properties in The Vistas, Stonebridge, or The Paseos:

28% - Front-End Ratio

Your total monthly housing costs shouldn't exceed 28% of gross monthly income. This includes:

  • • Mortgage principal and interest
  • • Property taxes (varies by Summerlin West community)
  • • Homeowners insurance
  • • HOA fees (The Vistas, Stonebridge, The Paseos)
  • • PMI if down payment under 20%

Example: $10,000/month income = $2,800 max housing costs

36% - Back-End Ratio

All monthly debt payments shouldn't exceed 36% of gross income, including:

  • • All housing costs above (PITI + HOA)
  • • Car payments and auto loans
  • • Student loan payments
  • • Credit card minimum payments
  • • Personal loans and other debts

Example: $10,000/month income = $3,600 max total debt

Summerlin West Price Ranges & Income Requirements

Community/Price RangeMonthly Payment*Income NeededDown Payment (20%)
Stonebridge Entry ($450K)$3,200$11,500/month$90,000
Stonebridge Mid ($600K)$4,200$15,000/month$120,000
The Paseos ($800K)$5,500$20,000/month$160,000
The Vistas Entry ($1M)$6,800$24,500/month$200,000
The Vistas Luxury ($1.5M)$10,000$36,000/month$300,000
The Ridges Estate ($2.5M)$16,500$59,000/month$500,000

*Estimates include PITI + typical HOA fees. Actual costs vary by property, interest rates, taxes.

Hidden Costs of Homeownership in Summerlin West

Property Taxes

Nevada property taxes approximately 0.6-0.8% of purchase price annually. Example: $600K Stonebridge home = $4,000-$5,000/year or $350-$420/month.

HOA Fees

Summerlin West HOA fees vary: Stonebridge $100-$200/month, The Paseos $150-$300/month, The Vistas $200-$500/month depending on amenities and gated status.

Maintenance & Repairs

Budget 1-2% of home value annually for maintenance. $600K home = $6,000-$12,000/year for HVAC, appliances, roof, landscaping in Summerlin West climate.

Get Personalized Affordability Analysis

Our team provides custom budget planning for your Summerlin West goals

Schedule Consultation

Call Team Leader Dr. Jan Duffy: (702) 550-0112

Featured Summerlin Listings

Loading Property Listings...

Preparing MLS data for Summerlin West

Powered by RealScout