Home Affordability Calculator
Calculate how much house you can afford based on your income and debts
Your Financial Information
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Monthly: $8,333
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Car loans, credit cards, student loans, etc.
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%
%
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You Can Afford
Maximum Home Price
$0
With $80,000 down payment
Max Loan Amount$0
Max Monthly Payment$0
Front-End Ratio0.0%
Debt-to-Income0.0%
✓ Your debt-to-income ratio is within lender guidelines. You're in good shape!
Understanding Affordability Ratios
Front-End Ratio (28%)
Your housing expenses (mortgage, taxes, insurance) should not exceed 28% of your gross monthly income.
Example: $5,000/month income = max $1,400 housing payment
Back-End Ratio (43%)
Total monthly debts (housing + car + credit cards + loans) should not exceed 43% of gross income.
Example: $5,000/month income = max $2,150 total debt
Tips to Increase Affordability
- • Pay down existing debts to lower your DTI ratio
- • Increase your down payment to reduce loan amount
- • Improve credit score for better interest rates
- • Consider a co-borrower to combine incomes
- • Look for homes in areas with lower property taxes
Ready to Start Your Home Search?
Get pre-approved and start shopping for homes in your budget