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United States · USD

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HomeCalc

Home affordability

See what price your income can carry. The loan is sized at a stress rate, not the promotional rate.

Figures follow US federal and state law, with every source cited and dated.

Your income and loan
$
Total monthly income of everyone on the loan.
$
Payments on other loans, cards and instalments. Add the new home's property tax, home insurance and HOA dues per month too: US lenders count them in the debt-to-income ratio, and the loan payment on this page is principal and interest only.
$
The part of the price you pay yourself, without borrowing.
years
%
The rate you expect to pay after any promotional period, or if rates rise. Results use this rate, never the promotional rate.
Stress interest rate
%
The largest share of your income that all monthly debt payments may take, the new loan included.
Maximum debt-to-income ratio (DTI)

Results

Highest price your income supports

$593,410.81

Loan at the stress rate, plus your down payment.

United States · USD

Maximum payment per month
$3,450.00
Maximum loan at 7.5%
$493,410.81
Highest price when the loan is at most 80% of the price
$500,000.00

The loan-to-value cap sets the limit here.

Sized at the stress rate of 7.5% over 30 years. Lenders also look at your credit history and the home itself, so their figure can differ.

Note

Every figure on this page is an estimate based on the values you entered and on defaults from US federal law, the selected state's law and common market practice, each current as of the verification date shown next to it. It is not financial, legal or tax advice. Your actual rate, APR, closing costs and taxes are set by your lender, the company handling your closing and your county when you buy. Your Loan Estimate and Closing Disclosure show the real figures; check them before you sign. This site stores none of your data; everything you entered lives in the page address.

Assumptions you can change

Maximum loan-to-value (LTV)

80%

Source: market convention

The largest share of the price a lender will lend. With a small down payment, this cap can limit the price before your income does.

The link carries only the numbers you entered. The site stores nothing.

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