How Much House Can You Afford?
Using this calculator will help you determine the maximum sale price that you can afford. If you are a first time home buyer, change the "PITI Debt Ratio" to 29% and the "Total Debt Ratio" to 41%.
Annual Household Income:
$
Total Monthly Debt:
(Car, Credit Cards, Student Loan payments, etc.)
$
Cash for down payment:
$
Property Tax:
(leave if unsure)
%
Homeowners Insurance
:
(Leave if unsure)
%
Interest Rate:
%
Length of Loan:
(years)
PITI Debt Ratio:
(Leave if unsure)
%
Total Debt Ratio:
(leave if unsure)
%
Results Shown Below
(This calculator is considered reliable, but not guaranteed.)