Home Affordability Calculator 2026

💰 Your Financial Profile

Calculation Method

Conservative25/33 DTIModerate28/36 DTIAggressive31/43 DTI

💵 Income

Annual Gross Income

Before taxes and deductions

Co-borrower Annual Income (Optional)

Spouse or co-buyer income

Other Monthly Income (Optional)

Bonuses, investments, side income

Total Monthly Income:$6,667

💳 Monthly Debts

Total Monthly Debt Payments

Car loans, student loans, credit cards, etc.

💰 Savings & Down Payment

Total Savings Available

Cash available for down payment + closing costs

Down Payment Percentage

0%20%50%

🏦 Loan Details

Interest Rate

Loan Term

🎯 Your Home Buying Power

You Can Afford

$275,000

Maximum Home Price

Front-End Ratioℹ️

28.0%

Back-End Ratioℹ️

28.0%

Down Payment$55,000

Loan Amount$220,000

Closing Costs$8,250

Total Cash Needed$75,250

Monthly Payment (PITI)$1,864

Monthly Payment Breakdown

🏠

Principal & Interest$1,464

🏛️

Property Tax$275

🛡️

Home Insurance$125

⚠️

Savings Status

You need $35,250 more in savings.

Current: $40,000Needed: $75,250

💡 Recommendations

Continue saving and aim to have $75,250 before purchasing.
Build an emergency fund of $11,182 (6 months expenses).

⚠️ Important Considerations

You need an additional $35,250 in savings to comfortably afford this home.