Home Affordability Calculator
Determine how much house you can afford based on your income, debts, and down payment.
Your Financial Information
Enter your income and expenses to see what you can afford
20% (Conservative)43% (Maximum)
3%10%
What You Can Afford
$0
Maximum Home Price
Maximum Loan Amount$0
Down Payment$50,000
Monthly Payment$0
Income Analysis
Monthly Gross Income$0
Current Monthly Debts$500
Available for Housing$0
DTI Ratio Used28%
Your current debt payments are too high relative to your income. Consider paying down existing debts or increasing your income before applying for a mortgage.
Tips to Increase Your Home Buying Power
Improve Your Finances
- • Pay down existing debts to lower your DTI ratio
- • Increase your income through raises or side work
- • Save for a larger down payment
- • Improve your credit score for better rates
Consider Different Options
- • Look at different loan terms (15 vs 30 years)
- • Consider FHA loans with lower down payments
- • Explore first-time buyer programs
- • Shop around for better interest rates