How Much House Can You Afford?

Enter your income, debts, and down payment to find your maximum affordable home price using industry-standard DTI ratios.

💰 Your Financial Profile

Annual Gross Income ($)

Down Payment ($)

Interest Rate (%)

Loan Term (years)

Property Tax Rate (%)

Monthly Debt Payments ($) Car loans, credit cards, student loans, etc.

Additional Costs ▼

Home Insurance ($/yr)

HOA Dues ($/mo)

PMI Rate (% if <20% down)

🏠 Your Affordability

🏡 Maximum Home Price

              You Can Afford
              $320,000
            

Loan Amount $280,000

Down Payment $40,000

Down Payment % 12.5%

📋 Monthly Payment Breakdown

Principal & Interest $1,815.68

Property Tax $293.33

Home Insurance $125.00

PMI $116.67

HOA $0.00

              Total Monthly
              $2,350.68
            

Front-End DTI

28.0%

Back-End DTI

33.2%

Status

✅ Good

💡 The 28/36 Rule

Lenders typically want your housing costs below 28% of gross income (front-end DTI) and total debts below 36% of gross income (back-end DTI). FHA loans may allow up to 43% back-end DTI.

📈 Rate Impact on Affordability

Rate	Max Home	Monthly P&I	Total Interest

Disclaimer: This calculator provides estimates for educational purposes only. Actual mortgage approval depends on credit score, employment history, and lender requirements. This is not financial advice.