Affordability Calculator

How much house can you afford?

Your finances
TERM
$
$/ mo
$
%
% / yr
$/ yr
$/ mo
% / yr
%
%

You can afford a home up to

$385,649

At your 28% / 36% DTI targets, with $60,000 down and 6.5% over 30 years.

Principal & interest
$2,058
Property tax
$402
Insurance
$150
PMI· under 20% down
$190
Total PITI$2,800

Max home price

$385,649

15.6% down

Loan amount

$325,649

at 6.5% / 30yr

Max monthly PITI

$2,800

28.0% of gross income

Binding constraint

28% front

PITI alone hits the limit

PMI required

$190

down payment under 20%

Stress test

What you could afford at standard lender thresholds. The first column is what most advisors recommend; lenders will approve up to the third.

Conservative · 28% / 36% rule

$385,649

PITI $2,800 · loan $325,649

28% front / 36% back · binding: front-end

Standard · Fannie Mae cap

$486,332

PITI $3,600 · loan $426,332

36% front / 43% back · binding: front-end

Stretch · qualified mortgage limit

$574,430

PITI $4,300 · loan $514,430

43% front / 50% back · binding: front-end

DTI = Debt-to-Income ratio. Front-end is housing alone; back-end includes all monthly debts. Lenders qualify you on back-end; the front-end rule is a sanity check that you won’t be house-poor.