Home Affordability Calculator

K-06

The highest price a lender's 28/36 debt-to-income rules allow, the payment it brings, and what moves it.

Your finances

Household income / year

Gross, before tax, for everyone on the loan.

Other debt payments / month

Minimums on car, student, and card debt. Not rent, utilities, or groceries.

Cash for the down payment

Interest rate

Loan term

15 yr20 yr30 yr

PMI / year

Applied only when the down payment is under 20% of the price.

Property tax rate

Effective rate, as a share of the price each year.

Homeowners insurance / year

HOA dues / month

Housing limit, % of income

The front-end ratio: 28% is the conventional guideline, 31% for FHA.

All-debt limit, % of income

The back-end ratio: 36% is conservative, 43% the common ceiling, up to 50% with strong files.

You can afford a home up to $330,604N3, with a $2,333N4 monthly payment set by your 28% housing limit.

Plan K-0630-year fixed at 6.25% with $40,000 down. Lenders also weigh credit, reserves, and job history.

Loan amountN3: $290,604; 12.1% down
Monthly paymentN4: $2,333/mo; with taxes, insurance, PMI
Housing ratioN5: 28.0%; limit 28%
All-debt ratioN5: 32.8%; limit 36%

Your monthly income, and the lender's two lines

$8,333 a month before tax, at the highest price you qualify for

Housing payment: $2,333; 28%
Other debt payments: $400; 5%
Left for tax, savings, living: $5,600; 67%
Gross monthly income: $8,333; 100%

What moves your budget

The same income and costs, one lever at a time

At other interest rates
Rate	Highest price	Payment
5.25%	$358,198	$2,333
5.75%	$343,944	$2,333
6.25%yours	$330,604	$2,333
6.75%	$318,117	$2,333
7.25%	$306,427	$2,333

One change at a time
If you had	Highest price
$10,000 more down payment	+$8,976
$200 a month less in other debts	No change
Half a point lower rate	+$13,340
$10,000 more household income	+$31,859

Paying down debt moves the answer only when the all-debt limit is the one holding you back.

Estimates for education only, not a pre-approval. Lenders also weigh credit score, cash reserves, and employment history, and some cap loan size by county. Talk to a licensed loan officer before you shop.