Find out how much house you can afford based on your income, debts, and down payment. Currently calculating in US Dollar.
Monthly: $7,083
Excludes future mortgage payment
Additional Costs
You can afford a home up to
$340,053
Monthly Payment
$2,323
All-in housing cost
Housing DTI
32.8%
Target: 28% or less
Total DTI
39.9%
Target: 36% or less
Conservative
$272,043
$1,859/mo
Comfortable buffer
Recommended
$340,053
$2,323/mo
Standard guidelines
Stretch
$391,061
$2,672/mo
Tight budget
Maximum
$425,066
$2,904/mo
Very tight
Increase Down Payment
A larger down payment reduces your loan and monthly costs
Pay Off Debts
Reducing monthly debts improves your DTI ratio
Shop for Better Rates
A lower interest rate means more buying power
Consider Longer Terms
A 30-year loan has lower payments than 15-year