MORTGAGE AFFORDABILITY
Calculate how much house you can afford and plan your homeownership journey.
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Status:
Ready
Acronym Legend (tap to expand)
DTI ?
Debt-to-Income ratio. “Front-end” is housing-only; “Back-end” includes all monthly debts.
PITI ?
Principal + Interest + Taxes + Insurance (core monthly housing cost).
PMI ?
Private Mortgage Insurance. Often required when down payment is under 20%.
APR ?
Annual Percentage Rate (interest rate used to compute mortgage payments).
HOA ?
Homeowners Association dues (monthly fee added to your housing payment).
P&I ?
Principal & Interest (the loan payment portion only).
Inputs
$
Gross monthly income: $0.00
$
Only include recurring monthly debt payments.
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%
Binding constraint: —
Loan & purchase assumptions
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%
$
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$
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PMI auto: On when down payment < 20%.
Advanced Options
0%
5%
15%
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Results
Max home price
$0.00
Binding: —
Buffered max home price
$0.00
Safety buffer: 5% applied
Max housing payment
$0.00
Front: — | Back: —
Monthly payment breakdown
P&I$0.00
Property taxes$0.00
Insurance$0.00
PMI$0.00
HOA$0.00
Total$0.00
Cash to close (estimate)
Down payment$0.00
Closing costs$0.00
Points$0.00
Total$0.00
Charts
Affordable Home Price vs Interest Rate
Monthly Payment Breakdown
Rate scenarios
| APR | Max Home Price | Monthly PITI+HOA | Cash to Close |
|---|
