Your Income
Loan Details
%
%
%
$ /mo
You Can Afford
home value
Down Payment $57,560
Loan Amount
Limited by back-end DTI ratio (total debt-to-income)
Monthly Payment
$1,901 /month
Principal & Interest $1,380
Property Tax $240
Home Insurance $120
Income & Debt Summary
Total Gross Monthly Income $8,000
Existing Monthly Debts $950
Available for Housing $1,930
Debt-to-Income Ratios
Front-End Ratio 24%
Back-End Ratio 36%
Monthly Budget Breakdown
Loan Type Comparison
See how much home you can afford with different loan types:
| Loan Type | DTI Limits | Max Home Price | Monthly Payment | Down Payment |
|---|
Home Affordability Report
Generated:
Affordability Summary
Maximum Home Price $287,800
| Down Payment | $57,560 (20%) | Loan Amount | $230,240 |
| Interest Rate | 6.00% | Loan Term | 30 years |
| Loan Type | Conventional | Limiting Factor | Back-End DTI |
Monthly Payment Breakdown
Total Monthly Payment $1,901
| Principal & Interest | $1,380 |
| Property Tax | $240 |
| Home Insurance | $120 |
Income & Debt Summary
| Total Gross Monthly Income | $8,000 |
| Existing Monthly Debts | $950 |
| New Housing Payment | $1,901 |
| Total Monthly Obligations | $2,851 |
Debt-to-Income Ratios
| Ratio Type | Your Ratio | Limit | Status |
|---|---|---|---|
| Front-End (Housing Only) | 24% | 28% | OK |
| Back-End (All Debts) | 36% | 36% | At Limit |
Loan Type Comparison
| Loan Type | DTI Limits | Max Home Price | Monthly Payment |
|---|