Realistic " Likely " Monthly Note ??

[Michael Dunn]

I am trying to figure out what a Likely and reasonable Monthly ( PITI ) note I will Qualify for

Situation:

I am considering paying down 2 CreditCards down to minimum Payments of $25 each , thus Allowing me Another $8,000 that I'll be able to Qualify for ( if using the Formula that for every $5,000 you reduce your Monthly Payments by, this Allows for an Extra $5,000 in House that you can Afford/Qualify for )

If I get these 2 cards down to $25 minimum Payments a Month, then My only Debts per month will be these 2 cards ........  So $50 a month 

Based on last  ( as of today ) my 2 years in taxes show me making ( Gross ) $2,083 a month 

So if using a DTI with a VA loan of 45% ( this of course assumes I qualify for the higher side of the Average DTI with VA loans ) ........ I've actually hard that you can get as High as a 50% and even a 55% DTI with a VA Loan , based on your Residual Income and Credit Score ???

So with a DTI of 45% , this Allows for a $937 Mortgage Payment ( PITI ) that I could qualify for

Does my Math seem correct ?  And is a Mortgage payment of $937 going to be likely ?

I don't plan on getting a Property that gives me a $937 or even a $900 note........ Likely a $800 - $850 note

So with a $800  -  $850 note, this means I should be looking for Properties in the  $115,000  -  $122,000 range ?  (  I multiplied both  $115,000   and  $122,000  by  .007 to give me a Note of around  $800  with a $115,000 property  and   an Note of around  $850  with a  $122,000 property  )

Just need expert advise from others on here, to see if my Numbers and math seem correct on the Calculations and assumptions that I have listed ?

Thanks so much