Affordability Calculator
Affordability Calculator
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Stress Test (+2%)
Maximum Home Price
$0
Prudent$0
Standard$0
Aggressive$0
Budget$0
28/36 Breakdown
Housing$0
Debts$350
Available$0
How Much Home Can You Afford?
Before you look at homes, you need to know your safe limit. Our calculator estimates it with the criteria lenders use.
1The 28/36 rule
US lenders usually follow the 28/36 rule: housing costs up to 28% of gross monthly income and total debt payments up to 36%.
2Don't forget the purchase costs
Affordability is not only the monthly payment. You also need savings for the down payment and the purchase taxes and fees, which can add a significant percentage on top of the price.
We analyze your income, debts, and down payment against current interest rates. We use the standard 28/36 rule to ensure you don't overleverage.
We simulate if you could still afford the mortgage if interest rates rose by 2%. This is a standard safety check in many countries.
Your DTI is the percentage of your gross monthly income that goes to paying your monthly debt payments. Lenders usually prefer a DTI under 36%.
We provide a 'Conservative' estimate (safer) and an 'Aggressive' estimate (maximum borrowing power). We recommend sticking to the conservative number.