1) Income & Debts
2) Loan & Down Payment
3) Monthly Costs
Applies when LTV > 80%. Typical range ~0.5%–1%/yr (varies by borrower & lender).
4) Policy Caps
Rule-of-thumb: ≤28% housing, ≤36% total debts.
How we compute affordability
We cap monthly housing cost by the smaller of (i) the front-end 28% of gross monthly income (if enabled) and (ii) your back-end DTI cap minus other monthly debts. Payment uses the standard fixed-rate mortgage (PMT) formula; PMI is included only when LTV > 80%.
Educational tool only; lenders vary by product/credit/underwriting.
See also: Mortgage
Results
Maximum Home Price
$442,639.66
Includes P&I, taxes, insurance, HOA, and PMI (if LTV > 80%).
Estimated Loan Amount
$382,639.66
Price − Down Payment.
Monthly PITIA
$3,500.00
P&I: $2,481.79
Taxes: $600.00
Insurance: $120.00
HOA: $75.00
PMI: $223.21
Ratios @ Max Price
Front-End: 28.00% (cap=28%)
Back-End: 32.00% (cap=32.00%)
LTV: 86.44%
Front-end cap: $3,500.00Back-end cap (after debts): $4,000.00Binding cap: $3,500.00
Caps shown above are the maximum **total** monthly housing outlay (PITIA) allowed by your settings.