Find out how much home you can afford based on your income, debts, and down payment.
Monthly: $8,333
Car loans, credit cards, student loans, etc.
Infinity% of max home price
Housing costs as % of gross income
Annual % of home value
Loan Amount
-$80,000
Down Payment
$80,000
Front-End DTI (Housing Only)
Housing costs ÷ Gross income
Back-End DTI (All Debts)
All monthly debts ÷ Gross income
Excellent financial position
Your DTI ratios are well within recommended ranges. You have good financial flexibility.
Total Housing Payment
$100
1.2% of monthly income
After housing and other debt payments
Monthly Income
$8,333
Gross monthly income
Total Debts
$600
Housing + other debts
Total Interest
$80,000
Over life of loan
Increase your down payment
A larger down payment reduces your loan amount and may help you avoid PMI, allowing you to afford a more expensive home.
Pay off existing debts
Reducing your monthly debt payments of $500 will lower your back-end DTI and increase your purchasing power.
Improve your credit score
A better credit score can help you qualify for lower interest rates, reducing your monthly payment and increasing affordability.
Consider a longer loan term
A 30-year loan has lower monthly payments than a 15-year loan, though you'll pay more interest over time.
Educational Disclaimer
All calculations are estimates for educational purposes only. This is not financial advice. Please consult with a licensed financial advisor or mortgage professional before making any home purchase decisions.