Use the calculator below to determine how much house fits your budget.
Income
Gross Annual Income (before tax)
Maximum Housing Expense %
(M1) Max Monthly Payment Based on Income
Monthly Debts
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Current Monthly Debts
Maximum Debt-to-Income Ratio
(M2) Max Monthly Payment Based on DTI
Maximum Monthly Payment (lower of M1,M2)
Monthly Housing Expenses
Property Tax (Monthly)
Home Owners Insurance (Monthly)
PMI (private mortgage insurance)
HOA Fees
Other (Utilities, Repairs, etc.)
(M3) Max PI Payment Based on Expenses hac-dollar
Available Funds
Available Funds
Fixed Closing Costs
Variable Closing Costs (based on price)
Minimum Down Payment
Maximum Home Price Based on Funds
(M4) Max PI Payment Based on Funds
Maximum PI Payment (lower of M3,M4)
Financing
Term of Mortgage (years)
Annual Interest Rate
Loan Amount Based on Max PI Payment
Down Payment Based on Available Funds
Total Estimated Closing Costs
Maximum Home Price
Depreciation
% of Home Price Depreciable
Years to Depreciate
Annual Depreciation (straight-line)
You Can Afford A House Up To
$372,080
$2,167
/ Month
/ Month
| PI Payment | - | |
| Property Tax | - | |
| Insurance | - | |
| PMI | - | |
| HOA | - | |
| Other | - |
Loan Amount
$372,080
Down Payment
$372,080
Est. Closing Costs
$372,080