Free Financial Tool
Home Affordability Checker
Don't guess what you can afford. Our simulator strictly enforces the universal 28/36 standard rule used by virtually all underwriting departments to calculate your maximum total loan approval limit.
Your Financial Profile
Market Settings
Your Max Home Budget
$304,158
Permits a maximum monthly payment of $2,100
DTI Analysis (28/36 Rule)
Housing Ratio (Front-End)28.0%
Lender limit is exactly 28.0%
Total Debt Ratio (Back-End)34.7%
Lender limit is exactly 36.0% (Housing + Other Debts)
At this price point, you are paying:
Principal & Interest$1,543
Property Taxes$304
Insurance$100
PMI$153
The 28/36 Rule Explained
Mortgage lenders utilize specific debt-to-income (DTI) constraint ratios to determine limit viability. This calculator inherently respects these hard limits over your gross income stream.
- The 28% Front-End Limit: Your total maximum predicted housing expenses (which strictly includes Principal, Interest, Property Tax, Insurance, and HOA) cannot exceed 28% of your gross monthly income.
- The 36% Back-End Limit: Your total combined debt load (Housing expenses + Car loans + Student loans + Minimum credit card payments) cannot exceed 36% of your gross monthly income.
- The engine automatically applies the more restrictive of the two limits to calculate the maximum property price you can acquire while keeping your stated cash reserves (Down Payment) static.