Home affordability

Private by design
Estimate a practical purchase range from income, debts, cash, and carrying costs.
Gross household incomeAnnual income
$
Gross household income
Monthly debt paymentsCars, student loans, cards
$
Monthly debt payments
Cash availableDown payment + closing costs
$
Cash available
Mortgage rateFixed-rate assumption
Mortgage rate
%
Loan term
Loan term
yrs
Property tax rateAnnual rate
Property tax rate
%
Home insurance
$
Home insurance
/yr
HOA dues
$
HOA dues
/mo
Target total DTIConservative: 36%; stretch: 43%
Target total DTI
%
Estimated affordable home price$871,380About $5,400/month before PMI, upkeep & utilities
Budget strain
Lower strainHigher strain

Near your chosen ceiling

This price keeps you at 36.0% total debt-to-income — right at your 36.0% target. Keep a separate emergency reserve before treating it as a budget.
Loan$717,521
Down payment$153,859
Total DTI36.0%

The binding constraint

Your down payment is the constraint — not your income. At 17.7% down you're under 20%, so PMI and a larger loan eat into the budget.

What would change the answer

Reach 20% down — needs $20,417 more cash$5,274/mo · 28.8% housing DTI
Price that keeps housing at 28% of income$834,642
If rates were 1% lower (5.3%)ceiling rises to $940,383 (+$69,003)

What this includes

  • Principal and interest
  • Estimated property tax and insurance
  • Existing monthly debt
  • Cash available after estimated 3% closing costs

Read the result carefully

This is a planning ceiling, not a lender pre-approval. The monthly estimate excludes mortgage insurance, maintenance, utilities, and special assessments. Rates, taxes, insurance, and underwriting rules vary.

Share your verdict

Download the card or copy the text — post it anywhere.
Card preview unavailable.