Home Affordability
Total of your pre-tax income.
$
Monthly liabilities, such as vehicle loans and credit card debt (excluding living expenses). The total liabilities are used to calculate your debt-to-income (DTI) ratio.
$
A downpayment is paid upfront and reduces the amount of the mortgage. Some loan types have minimum down payment requirements.
$
Length of loan, fixed rate.
Annual Percentage Rate (APR)
%
Select from preset interest rate options.
Different types of home loans have different debt-to-income (DTI) ratio maximums. Your DTI compares how much you owe each month to how much you earn.
DTI limits for various loan types:
Conventional Loan: 36%
VA & USDA: 41%
FHA: 43%
DTI limits for various loan types:
Conventional Loan: 36%
VA & USDA: 41%
FHA: 43%
Annual property tax on home value varies by city/state. The national average is 1.1%.
%
Affordable Home Price
$
estimated monthly payment $
Ready to buy?
If you are planning to buy in the next 45 days, it's important to get pre-qualified since many sellers only consider pre-qualified offers.
| Label | Money |
|---|---|
| Principal & Interest | |
| Homeowner's Insurance | |
| Property Tax | |
| Total monthly payment |