Home Affordability Calculator

Calculate the maximum home price you can afford based on income, debts, down payment, and DTI ratios. Uses lender guidelines of 28% front-end and 36-43% back-end DTI.

Principal ($)
Annual Rate (%)
Years
Compounding / Year
$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.
Advertisement

How It Works

Calculate the maximum home price you can afford based on income, debts, down payment, and DTI ratios. Uses lender guidelines of 28% front-end and 36-43% back-end DTI

Each component has a specific meaning:

  • Income — The income recorded for the scenario being assessed.
  • Debts — The debts recorded for the scenario being assessed.
  • Down payment — The down payment recorded for the scenario being assessed.
  • DTI ratios — The dti ratios recorded for the scenario being assessed.

Note: Interpret the home affordability result against the thresholds and context described above.

How to Use

Enter the income, debts, down payment, DTI ratios for the scenario you are assessing. Calculate the maximum home price you can afford based on income, debts, down payment, and DTI ratios. Uses lender guidelines of 28% front-end and 36-43% back-end DTI. Use the home affordability result to inform your calculation.

Frequently Asked Questions