Home Affordability Calculator

Your Financial Information

Annual Gross Income Your total income before taxes

Monthly Debt Payments Car loans, student loans, credit cards, etc.

Down Payment Amount you can put down

Credit Score Range Affects your interest rate

Interest Rate 6.5%

3% 10%

Loan Term 30 years

10 years 30 years

Annual Property Tax Rate Texas average: ~1.8%

Annual Insurance Homeowner's insurance estimate

Monthly HOA Fees If applicable

Target DTI Ratio Max debt-to-income (recommended: 36%)

Your Home Affordability Results

🏠

You Can Afford a Home Up To

Based on your income and finances

Conservative

Comfortable

Maximum

Monthly Payment

Loan Amount

Down Payment

Monthly Income

Debt-to-Income Ratio (DTI) 0%

0% 36% (Ideal) 43% (Max) 50%+

Monthly Payment Breakdown

Tips to Increase Affordability

Important Disclaimer

This calculator provides estimates for informational purposes only. Actual loan amounts, interest rates, and terms depend on your specific financial situation, credit history, and lender requirements. Consult with a licensed mortgage professional for accurate pre-qualification. Property taxes in Texas vary by county and can significantly impact your monthly payment.