🏠 How Much House Can I Afford?
Calculate your maximum home price based on income, debts, and loan terms.
Most lenders allow 36-43%. FHA allows up to 50%.
You Can Afford Up To
$261,495
Based on 36% DTI ratio
Monthly Payment Breakdown
Mortgage (P&I)$1400
Property Tax$250
Insurance$100
Total Housing$1750/mo
Key Ratios
Front-end (housing) ratio28.0%
Back-end (total DTI) ratio36%
Loan amount$221,495
Down payment %15.3%
⚠️ Less than 20% down — you'll likely need PMI ($50-200/mo extra).
How This Works
This calculator uses the debt-to-income (DTI) ratio method that lenders use. It takes your gross income, subtracts your existing debt payments, and calculates the maximum mortgage payment you can afford within the DTI limit. From there, it derives the maximum loan amount and adds your down payment to get the total home price.
This is an estimate for informational purposes only. Actual loan approval depends on credit score, employment history, assets, and lender-specific criteria.