🏡 Home Affordability Calculator

Find out the maximum home price you can realistically afford based on your income, debts, and down payment.

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Your Financial Picture

Annual Gross Income $80,000

Monthly Debt Payments $400

Car, student loans, credit card minimums, etc.

Down Payment Available $40,000

Interest Rate 6.5%

Loan Term

DTI Limit

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Affordability Analysis

Maximum Home Price

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Based on your income and debts

Max Monthly Housing Payment—

Max Loan Amount—

Your Down Payment—

Current DTI Ratio—

PMI Required?—

🏠 Price Scenarios

Front-End: Housing ÷ Gross Monthly Income ≤ 28%
Back-End: All Debts ÷ Gross Monthly Income ≤ 36–43%

Max Housing = min(income×0.28, income×DTI − existing debts)

The 28/36 Rule: spend no more than 28% of gross income on housing, and no more than 36% on all debts combined. FHA loans allow up to 43% DTI.

🏡 Home Affordability Calculator

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