Back to All Calculators
🧮 FREE CALCULATOR
Home Affordability Calculator
Balance income, debts, and savings to pinpoint a comfortable purchase price.
Income & Debts
Provide gross income and monthly obligations that appear on your credit report.
$
$
Car loans, credit cards, student loans, etc.
Savings & Loan Terms
Estimate your down payment and financing assumptions so we can solve for price.
$
%
%
Typical Houston rates range 1.6% – 2.5%.
$
$
How lenders see your file
- At a 43.0% back-end DTI, your total debts and housing stay within conventional guidelines (≤ 43%).
- Your down payment covers about 14.4% of the purchase price, leaving a loan request near $385,364.59.
- To stay on the conservative side (36% DTI), target a housing payment near $2,600.00 per month.
Target Price
$450,364.59
Assuming a 6.25% interest rate, 30-year term, and 14.4% down.
Monthly Payment Breakdown
Principal & Interest$2,372.76
Property Tax$713.08
Insurance$125.00
HOA$60.00
Max Home Price
$450,364.59
Based on 43% DTI
Monthly Budget
$3,270.83
Housing payment
Down Payment %
14.4%
$65,000.00 cash applied
Back-end DTI
43.0%
Housing + debts / income
Budget checkpoints
With $850.00 in monthly debts, lenders cap your total payment near $3,270.83. For breathing room, aim for a housing payment near $2,600.00.
Get pre-approved with these numbers
We’ll review your income documentation, confirm debts, and issue a pre-approval letter so you can shop confidently in your budget.