Affordability Calculator
See how much home you can afford based on your finances
Your Finances
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Car payments, student loans, credit cards, etc.
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Lower is safer for your budget
You Can Afford
$360,000
Maximum Home Price
Loan Amount $300,000
Monthly Payment $1,896
Monthly Income $8,333
Total DTI Ratio 28.8%
What's Included
This estimate shows principal and interest only. Your actual payment will also include:
- Property taxes ($200-500+/mo typical)
- Homeowner's insurance ($100-300/mo)
- PMI if down payment < 20% ($50-200/mo)
- HOA fees if applicable
A word of caution
Just because you can borrow this much doesn't mean you should. Banks will often approve more than you can comfortably afford. Consider your lifestyle, job security, and future expenses. Many financial advisors suggest keeping housing costs under 25% of take-home pay.