Your Numbers
Income, debts, and the home you have in mind
Include car, student loan, credit card minimum, and other loan payments. Do not include your current rent or utilities.
Property tax rates vary by county and occupancy; investment and second homes are often taxed at a higher rate. Mortgage insurance is shown as a yearly percentage of the loan and varies by program, down payment, and credit.
Your total monthly debts, including the new housing payment, divided by gross monthly income. Maximum DTI varies by program, credit, reserves, and loan type.
Estimated Home Price
Based on the debt-to-income limit you set
Same income, debts, down payment, and rate, select a row to apply it
| Debt-to-Income | Home Price | Loan Amount | Housing Payment |
|---|
How This Estimate Works
Lenders look at your debt-to-income ratio (DTI): your total monthly debt payments, including the new housing payment, divided by your gross monthly income. This calculator works backward from the DTI limit you set to find the home price whose full payment, principal, interest, property taxes, insurance, HOA, and mortgage insurance when it applies, fits within it.
Affordability is more than a ratio. Credit, cash reserves, the loan program, and the property all play a part, and the payment you're comfortable with may be lower than the maximum a program allows.
Self-employed? Income may be calculated differently than it is for W-2 earners. Try the Bank Statement Income Calculator to estimate qualifying income from your deposits, then bring that number back here.