How Much House Can You Afford?

Our comprehensive affordability calculator helps you determine your home buying budget based on your income, existing debts, and down payment. Get instant pre-qualification estimates and see exactly how your monthly budget breaks down.

Multiple Loan Programs

Compare affordability across Conventional, FHA, VA, and USDA loans with different DTI requirements.

DTI Analysis

See your front-end and back-end debt-to-income ratios with clear qualification guidelines.

Budget Breakdown

Visual breakdown of your monthly income showing housing, debts, savings, and remaining funds.

Down Payment Scenarios

Compare different down payment amounts and see the impact on your loan and PMI requirements.

Key Factors We Consider

Gross Annual IncomePrimary factor
Monthly Debt PaymentsDTI calculation
Down Payment %Loan amount
Interest RateMonthly payment
Property TaxesHousing costs
Home InsuranceTotal payment

Home Affordability Calculator

Discover how much house you can afford based on your income, debts, and down payment. Get pre-qualification estimates and see your complete monthly budget breakdown.

Your Financial Info

Your total household income before taxes

Car loans, credit cards, student loans, etc.

%

Standard loan with competitive rates

Tips to Improve Your Affordability

Pay Down Debts
Reducing monthly debt payments improves your DTI ratio
Increase Income
Higher income allows for larger monthly payments
Save Larger Down Payment
20% down eliminates PMI and reduces monthly payments
Shop for Better Rates
Lower interest rates increase buying power

Understanding Debt-to-Income Ratios

Front-End DTI (Housing Ratio)

This ratio compares your monthly housing expenses to your gross monthly income.

Formula: (Principal + Interest + Taxes + Insurance + HOA) ÷ Gross Monthly Income

Back-End DTI (Total Debt Ratio)

This ratio includes all monthly debt payments compared to your gross monthly income.

Formula: (Housing Payment + All Other Debts) ÷ Gross Monthly Income

Loan Program Comparison

Program
Front DTI
Back DTI
Min Down
Conventional
28%
36%
3%
FHA
31%
43%
3.5%
VA
41%
41%
0%
USDA
29%
41%
0%
💡 Pro Tip

Lenders may approve higher DTI ratios for borrowers with excellent credit scores, large down payments, or significant cash reserves. These are general guidelines.

Home Affordability Calculator | How Much House Can You Afford? | Harman Pannu Real Estate