Home Affordability Calculator
Calculate how much home you can afford based on your income, debts, and other factors.
Quick Scenarios:
Home Affordability Ranges
Conservative Range
$147,167
Monthly Payment: $914
Recommended for a more comfortable budget (28% DTI)
Moderate Range
$189,215
Monthly Payment: $1,247
Standard maximum for many lenders (36% DTI)
Aggressive Range
$226,006
Monthly Payment: $1,538
Maximum allowed by most lenders (43% DTI)
Quick Guidelines
- • Total Monthly Income: $5,000
- • Total Monthly Debts: $0
- • Down Payment: 26.4% of moderate price
Detailed Analysis
Monthly Payment Breakdown (Moderate Range)
Affordability Metrics
Key Ratios
Debt-to-Income:
0.0%
Down Payment:
26.4%
Affordability Guidelines
- • Monthly payment should be less than 28% of gross income
- • Total debt payments should be less than 36% of income
- • Down payment of 20% or more helps avoid PMI
- • Consider setting aside 1-3% annually for maintenance
* These calculations are estimates based on the information provided.
* Actual loan terms and rates may vary based on credit score, location, and other factors.
* We recommend consulting with a mortgage professional for precise figures.