Mortgage Affordability Calculator

Joint Loan?

Your Annual Gross Income ($): $75,000

Use Net Income Instead

Your Monthly Net Income ($):

Your Monthly Debt Payments ($):

Joint Borrower Annual Gross Income ($): $0

Use Net Income Instead

Joint Borrower Monthly Net Income ($):

Joint Borrower Monthly Debt Payments ($):

Are you a veteran using VA loan?

Veteran Status:

First Time Using VA Loan?

Down Payment (%):

Interest Rate (%):

Loan Term (years):

VA Funding Fee (% of loan, VA only):

Property Taxes (% of home value):

Homeowners Insurance (annual $):

HOA Fees (monthly $):

PMI (% of loan, non-VA only):

Your Mortgage Insights

Max Home Price:

Down Payment Amount:

Monthly Payment:

Loan Amount:

VA Funding Fee:

Your DTI:

Joint Borrower DTI:

Combined DTI:

We can’t accurately calculate a home price above $50,000 with your current values. Here are tips to lower monthly debts on your credit report:

Pay off high-interest credit cards first: Target cards with the highest rates to reduce interest costs quickly.
Tackle your biggest bills: Focus on large debts like car loans or student loans to free up monthly cash flow.
Negotiate with creditors: Ask for lower rates or payment plans to reduce monthly burdens.
Consolidate debt: Combine high-interest debts into a lower-rate loan to simplify payments.
Avoid new debt: Pause new credit applications to keep your debt-to-income ratio manageable.
Increase income: Consider a side gig or freelance work to boost your monthly net income.

Total Income: Your income, plus joint borrower if joint; monthly net income shown after federal taxes or used directly if toggled.
Mortgage Payment: Based on income, debt, and loan terms.
Down Payment: % of home price (0% VA default, 5% conventional); total shown below field and in results.
Monthly Payment: Includes principal, interest, taxes, insurance, HOA, PMI (if applicable).
DTI: Debt-to-Income ratios (override up to 65%):
- Your DTI: (your debt + housing) / your income
- Joint Borrower DTI: (their debt + housing) / their income (if joint)
- Combined DTI: (total debt + housing) / total income (if joint)
PMI: Applied if down payment < 20% (non-VA loans), 0.5-1.5% rate.
VA Specifics: No PMI; funding fee varies (0-3.3%).
Home Price: Max estimate; < $50,000 suggests debt review unless overridden.
Loan Amount: Home price × (1 - down %) + VA fee.