Back to Finance Tools
utensil.pro/finance

House Affordability

Determine how much house you can afford based on your income and debts

Currency
Income

Before taxes

Car, student loans, credit cards, etc.

Down Payment & Loan
0%15%
DTI Limits
20%40%
30%55%

Optional

Max Home Price

$0.00

At 43% DTI
Recommended Price

$0.00

Conservative estimate
Monthly Payment

$0.00

Est. PITI at max price
DTI Analysis
Front-End DTI

%

Housing expense ratio

Back-End DTI

%

Total debt ratio

Monthly Income

$0.00

Max Monthly Housing

$0.00

Estimated Monthly Expenses (at Max Price)
Principal & Interest(0.0%)
$0.00
Property Tax(0.0%)
$0.00
Insurance(0.0%)
$0.00
Affordability Tiers
No data available
Additional Metrics
Down Payment %

%

Loan-to-Value

%

Max Loan Amount

$0.00

Income for Housing

$0.00

Understanding Home Affordability

  • - Front-end DTI: Your housing expense as a percentage of gross income (typically max 28%)
  • - Back-end DTI: All debt payments as a percentage of gross income (typically max 43%)
  • - The recommended (conservative) tier provides a comfortable cushion for unexpected expenses
  • - A larger down payment increases your purchasing power and may eliminate PMI
  • - Consider additional costs like maintenance, utilities, and furnishing when budgeting
  • - Pre-approval from a lender will give you a more precise affordability estimate