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.