FINANCIAL

Entered-Limit Home Affordability Calculator

Free · No sign-up

Explore a price supported by a debt-payment limit you choose.

Your result

FINANCIAL

Enter your values and select calculate.

Next steps

Choose a related calculation for your next question. Enter your values on the next page.

Mortgage Calculator Estimate monthly principal and interest, plus the ownership costs you enter.
Down Payment and Closing Cash Calculator Separate the purchase equity contribution from other closing cash.
Debt-to-Income Ratio Calculator Use gross income and contractual debt obligations from the same monthly period.

On this page How it works & practical examples

How to use the Entered-Limit Home Affordability Calculator

Explore a price supported by a debt-payment limit you choose. Monthly ownership costs are deducted before converting the remaining payment into a fixed-rate loan balance.

The calculation

Housing payment room = income×DTI limit−other debt−ownership costs; price = supported loan/(1−down%)

Worked example

$6,000 monthly income and a 36% entered debt limit leave $1,260 for loan principal and interest after $500 other debt and $400 ownership costs.

Assumptions and limits

This is not lender approval, a recommended debt limit or a rent recommendation. Credit, reserves, deposit affordability, variable taxes and mortgage insurance are not assessed.

Common questions

Which inputs should I use?