How much home can you afford?
Estimate how much home may fit your budget using adjustable income, debt and housing assumptions.
Ratios are illustrative budgeting assumptions, not program limits or approval thresholds. Mortgage-insurance treatment and eligibility vary by program and complete borrower profile.
PMI rates by credit band are based on Urban Institute HFPC data.
Estimates are for educational purposes only and are not a Loan Estimate, Closing Disclosure, loan application, credit decision, preapproval, or commitment to lend. Results depend on the assumptions entered and may exclude taxes, insurance, mortgage insurance, HOA dues, fees, points, assessments, or other 3rd party charges unless specifically shown. Actual eligibility, costs, and payment may be different, and the actual total payment may be greater.
What's included?
Your total monthly payment blends principal and interest (P&I), estimated property taxes, homeowners insurance, and HOA dues if the property has them. Lenders qualify you on the full payment, not just P&I.
What's DTI?
Debt-to-income ratio compares your monthly obligations to your gross monthly income. Housing DTI counts only the mortgage payment; total DTI adds car loans, student loans, and credit cards. Ratios here are illustrative budgeting assumptions, not lender approval thresholds. Read the full definition.
What affects my rate?
Credit score, loan-to-value (how much you put down), loan type, occupancy, and property type all move pricing. Small changes can shift your buying power by tens of thousands. Browse the glossary.
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