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How Much House Can You Afford Calculator


Based upon your income and debt, this calculator will help you determine the maximum amount of money you should borrow.
Annual Income: (In Dollars)
Monthly Debt (Car payments, credit cards, student loan payment etc.): (In Dollars)
Cash in hand for down payment: (In Dollars)
Property tax rate (1% = $1000/yr for 100K house): %
Home Insurance rate (0.5% = $500/yr for 100K house): %
Interest Rate (%): %
Length of Mortgage: (In Years)
Maximum PITI* Debt Ratio (%) - If unsure leave as 28%: %
Maximum Total Debt Ratio (%) - If unsure leave as 36%: %
 

*PITI = Principal, Interest, Taxes, and Insurance.
*PMI = Private Mortgage Insurance.

Debt ratio is dollar amount of payments to monthly income before taxes.

Don't forget all those closing costs and points too!

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