Home Affordability Calculator

Your budget

Estimated home price: $415,865

Estimated loan amount: $335,865
Total monthly housing: $2,800.00
Estimated cash to close: $92,476
Monthly gross income remaining: $6,600.00

What limits this estimate?

The housing ratio is tighter under the selected assumptions, so it controls the modeled maximum housing payment. Compare both displayed budgets, check recurring debts and ownership costs, and remember that a lender may apply different ratios, reserves, credit standards, or program rules.

Housing-ratio budget: $2,800.00
Total-debt budget for housing: $3,000.00
Payment budget used: $2,800.00

Down payment: $80,000.00 (19.2%)
Loan-to-value: 80.8%
Housing DTI: 28.0%
Total DTI: 34.0%
Estimated closing costs: $12,475.96
Estimated lifetime interest: $428,377.62

Planning notes

This is a planning estimate, not a loan approval or lending limit.
Lenders use different income, debt, credit, reserve, insurance, tax, and loan-program rules.
Estimated PMI is included because the calculated loan-to-value ratio is above 80%; actual mortgage-insurance rules and premiums vary.

Estimated monthly payment

$2,800.00 across mortgage and ownership costs

Monthly cost details
Principal & interest	$2,122.90	76%
Property tax	$415.87	15%
Home insurance	$121.29	4%
PMI	$139.94	5%

Rate sensitivity

Estimated home price using the same income, debts, costs, ratios, and term

Rate sensitivity values
Rate	Estimated home price
5.50%	$445,094
6.00%	$430,042
6.50%	$415,865
7.00%	$402,515
7.50%	$400,000