Home Affordability Calculator
Given your income, monthly debts, down payment, and a DTI limit, we back into the maximum home price that keeps your total housing payment inside the ratio.
Monthly payment breakdown
Where your estimated monthly housing payment goes.
Payment breakdown
- Loan amount
- $348,675
- Principal & interest
- $2,262
- Property tax / month
- $394
- Insurance / month
- $115
Methodology & how to use this
How the max price is found
We compute your maximum monthly housing payment as income × DTI − other debts. Then we solve for the home price whose full PITI payment fits inside that number — using the standard amortization formula plus per-month property tax and insurance based on price.
Why the number is a ceiling, not a target
Lenders will let you go to the DTI limit; most personal-finance guidance says don't. HOA dues, PMI (under 20% down), maintenance, and utilities are all real housing costs this ratio ignores. A 28% front-end (housing only) target leaves you far more breathing room than 36% total.
Frequently asked questions
Keep running the numbers
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