Enter Affordability Inputs
Estimate the maximum home price you can afford based on income, debts, and housing cost assumptions.
$
Debt Input Mode
Choose whether to enter debts as dollar payments or as a percent of gross monthly income. Include required monthly debt payments like car loans, student loans, and credit cards. Exclude rent and housing costs.
$
Percent of gross monthly income already used by non-housing debts. Enter 12 for 12%.
%
DTI means debt-to-income ratio. This sets the maximum share of gross monthly income allowed for total debt payments.
%
Cash you plan to put down when buying. This amount is subtracted from the home price to estimate loan size.
$
Estimated annual mortgage rate (APR) for the loan scenario you want to test.
%
Length of the mortgage in years used for the affordability estimate.
years
Annual property tax as a percent of home value. Enter 1.2 for a 1.2% yearly estimate.
% / year
Annual homeowners insurance as a percent of home value. Enter your best yearly estimate.
% / year
Monthly homeowner association dues added to your housing payment estimate.
$
Annual PMI rate as a percent of the loan amount. Many loans fall around 0.3% to 1.5%.
% / year