Here's how much you'd have to pay each month to own a home in 15 major US cities

When you're figuring out how much home you can afford, a good rule of thumb is to make sure you don't spend more than 28 percent of your gross income on housing in any given month.

You'll want to keep in mind that monthly payments encompass more than just the mortgage: They also include interest, property taxes and insurance on the home.

To give you an idea of just how much you'd have to pay per month to own a home in major U.S. cities, CNBC rounded up data from a 2017 Harvard housing report. The report determined the monthly payment on median-priced single-family houses, assuming a five percent down payment with property taxes of 1.25 percent, property insurance of 0.25 percent and mortgage insurance of 0.5 percent.

Here's what you should expect to pay per month if you're thinking about settling down in a major U.S. city. Cities are listed in ascending order of monthly house payments.

Metro: Dallas-Fort Worth-Arlington, TX

Median price of single-family house: $206,000
Monthly payment on median-priced single-family house: $1,260

Metro: Houston-The Woodlands-Sugar Land, TX

Median price of single-family house: $212,000
Monthly payment on median-priced single-family house: $1,300

Metro: Chicago-Naperville-Elgin, IL-IN-WI

Median price of single-family house: $215,800
Monthly payment on median-priced single-family house: $1,320

Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Median price of single-family house: $221,300
Monthly payment on median-priced single-family house: $1,350

Metro: Austin-Round Rock, TX

Median price of single-family house: $262,400
Monthly payment on median-priced single-family house: $1,610

Metro: Sacramento-Roseville-Arden-Arcade, CA

Median price of single-family house: $288,100
Monthly payment on median-priced single-family house: $1,760

Metro: Denver-Aurora-Lakewood, CO

Median price of single-family house: $352,100
Monthly payment on median-priced single-family house: $2,160

Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV

Median price of single-family house: $377,300
Monthly payment on median-priced single-family house: $2,310

Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV

Median price of single-family house: $381,700
Monthly payment on median-priced single-family house: $2,340

Metro: New York-Newark-Jersey City, NY-NJ-PA

Median price of single-family house: $388,200
Monthly payment on median-priced single-family house: $2,380

Metro: Boston-Cambridge-Newton, MA-NH

Median price of single-family house: $400,900
Monthly payment on median-priced single-family house: $2,450

Metro: San Diego-Carlsbad, CA

Median price of single-family house: $539,800
Monthly payment on median-priced single-family house: $3,300

Metro: Los Angeles-Long Beach-Anaheim, CA

Median price of single-family house: $559,600
Monthly payment on median-priced single-family house: $3,420

Metro: San Francisco-Oakland-Hayward, CA

Median price of single-family house: $774,900
Monthly payment on median-priced single-family house: $4,740

Metro: San Jose-Sunnyvale-Santa Clara, CA

Median price of single-family house: $946,800
Monthly payment on median-priced single-family house: $5,790

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