Home Affordability Calculator
Don't be "house poor". Find out exactly how much you can comfortably spend on a home while keeping your finances healthy.
Financial Profile
Lenders use this to decide your limit.
Condo / Gated Community
Homeowners Association fees directly reduce your borrowing power.
Payment You Can Afford
$0
Based on a monthly payment of $0
DTI Ratio Analysis
Front-End Ratio (Housing)0.0% / 28%
Back-End Ratio (Total Debt)0.0% / 36%
Principal & Interest$0
Property Tax (Est)$0
Insurance (Est)$0
Scroll down to get your amortization schedule
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How Lenders Decide
Banks typically use the 28/36 Rule to determine your loan eligibility.
- 28% (Front-End Ratio): Your monthly housing costs (Mortgage, Tax, Insurance) should not exceed 28% of your gross monthly income.
- 36% (Back-End Ratio): Your total monthly debt payments (Housing + Cars + Credit Cards) should not exceed 36% of your gross monthly income.
If your other debts are high, your home budget will be lower to stay under the 36% total limit.