Mortgage Affordability
Determine Your Real Home Buying Power
*Include car loans, student loans, and credit card minimums.
Maximum Recommended Home Price
*Estimates only. Does not include taxes, insurance, or PMI.
Analyze Your Home Buying Power
Buying a home is the biggest financial decision of your life. Our Mortgage Affordability Tool uses bank-standard DTI logic to reveal your realistic budget.
The 28/36 Comparison
Lenders typically follow the 28/36 rule: Your monthly housing expense (PITI) shouldn't exceed 28% of gross income, and total debt shouldn't exceed 36%. Our calculator applies this rule automatically to keep you in the "safe zone."
Debt-to-Income (DTI)
Your DTI ratio is the percentage of your gross monthly income used to pay debts. A lower DTI indicates a more stable borrower and often qualifies you for lower interest rates and better loan terms.
4 Steps to Home Readiness
Gross Income
Calculate your total annual income before taxes.
Debt Count
Tally student loans, car payments, and credit debt.
Down Payment
Aim for 20% to avoid PMI (Private Mortgage Insurance).
Budget Range
Use our result as a maximum ceiling, not a target.
Affordability Intelligence
Can I afford more if I have a higher credit score?
Technically yes. A higher credit score usually qualifies you for a lower interest rate, which reduces your monthly payment and allows you to borrow more principal for the same monthly cost.
What isn't included in this calculation?
Our basic tool focuses on Principal & Interest (P&I). In the real world, you also need to account for property taxes, homeowners insurance, and HOA fees, which can add 20-30% to your monthly payment.