Mortgage Affordability Calculator – Plan Your Home Budget
Affordability Calculator
Estimate how much house you can buy based on your income and debts.
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You Can Afford A Home Up To
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Est. Payment: $0/mo
Budget Breakdown
Max Monthly Budget
$0
- Taxes & HOA
- $0
Available for Mortgage (P&I)
$0
Loan Amount
$0
+ Down Payment
+ $0
*Calculations are estimates based on standard Debt-to-Income ratios. Lenders may qualify you for more or less.
🏦 The 28/36 Rule
Lenders use the 28/36 rule to decide how much to lend you:
- Front-End Ratio (28%): Housing costs (Mortgage + Tax + Ins) should not exceed 28% of your gross monthly income.
- Back-End Ratio (36%): Total debts (Housing + Cards + Loans) should not exceed 36% of income.
💡 Tips to Afford More
- Reduce Debts: Paying off a $300/mo car payment can increase your buying power by roughly $40k-$50k.
- Larger Down Payment: Reduces the loan amount and lowers your monthly payment obligation.
- Shop Rates: Even a 0.5% lower interest rate can save you thousands.