First Stop Mortgage
Smart Affordability Analysis

Mortgage Affordability Calculator

Estimate the maximum home price you can afford based on your income, down payment, and monthly debts, with detailed assumptions for taxes, PMI, and HOA fees.

DTI Target Alignment Dynamic Tax & PMI Estimates Exact Purchase Power

How It Works

We analyze your annual income and subtract monthly debts to establish your monthly housing budget based on your target DTI ratio. Then, we back-calculate the maximum home purchase price that fits this budget, taking into account current interest rates, down payment, property taxes, insurance, HOA fees, and PMI.

Inputs & Parameters
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DTI ratio target36%
20% DTI36% (Standard)50% Max
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Affordability Analysis
Maximum Affordable Home Price

$317,815

Based on your financial parameters, a house at this purchase price fits comfortably within your monthly budget.

Debt-to-Income (DTI) Ratio36%
Principal & Interest (P&I)$1,692.77
Property Taxes$317.81
Mortgage Insurance (PMI)$122.75
Homeowners Insurance$66.67
HOA Dues / month$0.00
Total Monthly Budget
$2,200.00per month