How Much Home Can You Afford?
Calculate your maximum home price based on your income, debts, and savings. Uses the 28% front-end debt-to-income ratio lenders prefer.
Lenders typically use the 28% rule: your monthly housing payment (including taxes and insurance) shouldn't exceed 28% of your gross monthly income. This calculator factors in your debts to give you a realistic maximum home price.
Monthly Mortgage Payment Calculator
See exactly what your monthly payment will be, including principal, interest, taxes, insurance, HOA, and PMI (if applicable).
Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. PMI typically costs 0.5-1% of the loan amount annually. Once you reach 20% equity, you can request to have PMI removed.
Debt-to-Income (DTI) Ratio Calculator
Check if your debt-to-income ratio qualifies you for a mortgage. Lenders want to see DTI below 43%, ideally below 36%.
Good 43%
Max 50%+
Under 36%: Excellent. You'll qualify for most loans with favorable terms.
36-43%: Good. You'll likely qualify, but may face slightly higher rates.
43-50%: Risky. Some lenders may approve you, but options are limited.
Over 50%: You'll need to reduce debt or increase income before qualifying.