Affordability Calculator

Estimate how much home you can afford based on your income and debts

Payment Calculator Affordability Refinance Analysis

Calculate Your Budget

This is for educational purposes only and does not constitute a pre-qualification or pre-approval.

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Combined household income if applying jointly
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Car loans, student loans, credit cards, etc. (minimum payments)
$
%
For estimation purposes only; actual rates vary
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Varies by location; typically 0.5% - 2.5% of home value
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Estimated Home Price Range

$ 350,000

Maximum Estimated Purchase Price

Estimated Monthly Payment $2,333
Principal & Interest $1,996
Property Taxes (est.) $292
Homeowners Insurance (est.) $150
Housing DTI Ratio 28%
Total DTI Ratio 34%

Understanding Debt-to-Income (DTI) Ratios

Housing DTI (Front-End): Most lenders typically look for this to be around 28% or less, though guidelines vary by loan program.

Total DTI (Back-End): This includes all monthly debts. Many conventional loans allow up to 43-50%, while some government programs may allow higher ratios with compensating factors.

Note: These are general guidelines only. Actual qualification depends on credit score, assets, employment history, loan program, and other factors. This calculator does not include PMI, HOA fees, or other potential costs.

Important Disclaimer: This affordability estimate is for educational and informational purposes only. It is not a pre-qualification, pre-approval, or commitment to lend. Actual loan amounts, rates, and terms depend on a complete application, credit evaluation, property appraisal, and underwriting approval. Please contact us for a personalized assessment of your situation.

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