Home Affordability from Income

Estimate the home price you can afford from gross monthly income.

Gross monthly income ($)

Other monthly debts ($)

Down payment ($)

Rate (%)

Term (years)

Property tax (% / yr)

Insurance ($/mo)

HOA ($/mo)

Front-end ratio (%)

Housing budget

$2120

Max loan

$316422

Max home price

$356422

Monthly tax (est.)

$356

Verdict

Stay within this number.

About this tool

Apply the 28/36 rule with insurance, HOA, and property tax to derive a maximum loan amount and home price. Targets r/personalfinance 'How much house can I afford?'.

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