Home Affordability Calculator
Calculate how much house you can afford
Your Financial Information
Enter your income and expenses
Monthly: $8,333
Car loans, credit cards, student loans, etc.
Maximum Home Price
$0
Loan Amount:$0
Down Payment:$80,000
Down Payment %:0%
Estimated Monthly Payment
$0
Principal & Interest:-$150
Insurance:$150
Debt Ratios
Housing Ratio (Front-end)0.0%
Target: 28% or less
Total Debt Ratio (Back-end)6.0%
Target: 36% or less
Understanding Debt Ratios
• Front-end ratio: Housing costs / monthly income (should be ≤28%)
• Back-end ratio: All debts / monthly income (should be ≤36%)
• These are standard guidelines; some lenders may allow higher ratios
• Connect with local mortgage brokers for personalized advice