Home Affordability Calculator
Start from what lenders actually measure: your income, your monthly debts and the full housing payment. Pick a debt-to-income limit and see the highest price that fits, with the payment behind it.
You may be able to afford
$854,985
With $150,000 down (17.5%) and a 43% debt-to-income limit, at 6.75% for 30 years.
- Housing payment39%
- Other debts4%
- Rest of gross income57%
- Maximum price
- $854,985
- Loan amount
- $704,985
- Principal and interest
- $4,573
- Property tax
- $784
- Insurance
- $150
- Private mortgage insurance
- $294
- Total housing payment
- $5,800
- Front-end ratio (housing ÷ income)
- 38.7%
- Back-end ratio (all debts ÷ income)
- 43.0%
Housing alone would take 38.7% of your gross income. Many buyers aim for about 28% to leave room for savings, so a price below the maximum may feel more comfortable.
| DTI limit | Max housing payment | Max price | Loan amount | Down payment % |
|---|---|---|---|---|
| 36% | $4,750 | $750,000 | $600,000 | 20.0% |
| 43% | $5,800 | $854,985 | $704,985 | 17.5% |
| 45% | $6,100 | $893,352 | $743,352 | 16.8% |
| 50% | $6,850 | $989,268 | $839,268 | 15.2% |
Estimates for illustration only, not a loan offer or a commitment to lend. Rates, taxes, insurance and program rules vary; our team will confirm exact figures for your situation.
How this calculator works.
Lenders cap your total monthly debts, including the new housing payment, at a share of your gross monthly income. That share is the back-end debt-to-income ratio. The calculator takes the limit you choose, subtracts your current debts, and treats what is left as the most the full housing payment can be.
The full payment includes principal and interest, property tax, homeowners insurance, HOA dues and, when you put less than 20% down, private mortgage insurance. Because tax and mortgage insurance grow with the price, the calculator solves for the price directly rather than guessing.
The front-end ratio is the housing payment alone divided by income. It is shown for reference; many programs focus on the back-end ratio, but a conservative budget often keeps housing near 28% of income. The table below shows the maximum price at each common limit.
Max housing payment = gross monthly income × DTI limit − monthly debts. Max price solves P&I(price − down) + tax + insurance + HOA + PMI = max housing payment.
Common questions.
Turn the estimateinto real numbers.
Answer a few questions and our team will price your scenario with current rates and the right program.
Prefer to talk? (949) 774-9599