Find your maximum home price based on your income, existing debts, and current mortgage rates. Uses the same debt-to-income ratios that lenders apply during underwriting.
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Find your maximum home price based on your income, existing debts, and current mortgage ra...
*Based on front-end DTI. Lenders also consider credit score, reserves, and back-end DTI.
Mortgage affordability is determined primarily by your debt-to-income (DTI) ratio — the percentage of your gross monthly income that goes toward debt payments. Lenders use two key ratios: the front-end ratio (housing costs only, typically capped at 28–31%) and the back-end ratio (all debt including housing, typically capped at 36–43%). Our calculator uses industry-standard DTI thresholds to estimate the maximum home price you can qualify for given your income, existing debts, and down payment.
Before signing a purchase contract, your real estate attorney reviews the terms, contingencies, and timeline to ensure the contract protects you if financing falls through. Attorney-drafted financing contingencies give you the legal right to exit the contract and recover your earnest money if you can't secure a mortgage at acceptable terms.
📧 Contact an AttorneyEverything you need to know about affordability in real estate transactions