Home Affordability Calculator

Wondering how much home you can afford? This calculator uses the qualifying ratios lenders use: your housing payment shouldn't exceed 28% of gross monthly income, and your total debts shouldn't exceed 36%.

Gross Annual Income ($)

Monthly Debts ($)

Down Payment ($)

Interest Rate (%)

Loan Term (years)

Max Front Ratio (%) Housing payment limit

28%60%

Max Back Ratio (%) Total debts limit

36%70%

Estimated Maximum Home Price

$502,990

Maximum monthly payment (principal & interest): $2,800
Limited by: Front ratio
Maximum loan amount: $442,990
Down payment: $60,000
Ratios used (front / back): 28% / 36%

Based on 28/36 qualifying ratios. Principal & interest only; taxes, insurance, and HOA not included. For a precise pre-approval, contact me.