Finance

Buying Power Calculator

Find out the maximum home price you can afford based on your income and debts.

Gross Monthly Income ($)

Monthly Debts ($ — car, student, cards)

Down Payment ($)

Interest Rate (%)

Loan Term (years)

Max DTI (back-end) (%)

Property Tax Rate (%/yr)

Insurance ($/yr)

Method:
Max Housing Payment = Income × DTI% − Other Debts
Max P&I = Max Housing − Tax − Insurance − PMI
Max Loan = P&I / [r(1+r)^n / ((1+r)^n−1)]
Max Home = Max Loan + Down Payment

How Much House Can You Afford?

Lenders typically cap your total debt-to-income ratio at 36-43%. This calculator works backward from your income to find the maximum home price you can qualify for.

DTI Guidelines

Loan Type	Max Front-End	Max Back-End
Conventional	28%	36-45%
FHA	31%	43%
VA	N/A	41%