Affordability Calculator
Our affordability calculator determines the maximum home price you can afford using the standard amortization formula solved for principal.
P = M ×(1 + r)n − 1r(1 + r)n
In this equation, P is the maximum principal loan amount. M is the monthly payment allocated to principal and interest. r is the monthly interest rate (annual rate divided by 12). n is the total number of payments (loan term in years multiplied by 12). To find the maximum purchase price, add your available down payment to P.
Your Finances
Combined income for couples
Car, student loans, credit cards
Loan Term
You Can Afford
- P&I
- $3,744
- Property Tax
- $558
- Insurance
- $125
- PMI
- $238
- HOA
- $0
- Max Loan
- $570,000
- Down Payment
- $100,000
- Monthly Housing
- $4,665
- DTI (front/back)
- 28% / 28%