Home Affordability Calculator
Determine how much house you can afford based on your income, debts, and down payment. Uses standard debt-to-income ratios to calculate your maximum home price and monthly payment.
Your Financial Information
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* Gross income is your total income before taxes and deductions
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Include car loans, credit cards, student loans, etc.
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Annual Rates (% of home value)
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What You Can Afford
$277,931
Maximum Home Price
$217,931
Maximum Loan Amount
$1,380
Monthly Payment
Monthly Payment Breakdown
Principal & Interest:$870
Tax, Insurance & PMI:$510
Total Monthly Payment:$1,380
Debt-to-Income Ratios
Front-End Ratio (Housing)17.3%
Recommended: ≤ 28%
Back-End Ratio (Total Debt)36.0%
Recommended: ≤ 36%
💡 Tips to Improve Affordability
- • Increase your down payment to reduce loan amount
- • Pay down existing debts to improve debt-to-income ratio
- • Consider a longer loan term to reduce monthly payments
- • Shop for better interest rates from multiple lenders
- • Look for homes in areas with lower property taxes