MortgageDaily CalculatorHome Affordability Calculator

As a rough guide, 3–4× your annual income: roughly $225,000–$300,000. But your actual number depends on debts, down payment, interest rate, and local taxes. Use the calculator above with your real numbers for a personalized answer.

Yes — enter monthly property tax and insurance amounts directly into the calculator. Budget 1.5%–2.5% of the home's value annually for taxes and insurance combined as a starting estimate if you don't know your local rates.

Enter your monthly student loan payment in the "Monthly non-housing debt payments" field. Even $300/month in student loans can reduce your buying power by $50,000+. FHA also has specific rules for student loans in deferment — ask your lender.

Generally no. Lenders approve based on what you can pay, not what you should pay. Keep housing below 25%–28% of gross income when possible. Leave room for maintenance (1–2% of home value/year), savings, and unexpected costs.

Front-end DTI = housing payment ÷ gross income (lenders typically cap at 28%). Back-end DTI = all monthly debts including housing ÷ gross income (usually capped at 36–43%). Both limits are configurable in the calculator's qualification rules section.

The Consumer Financial Protection Bureau (CFPB) offers free tools and guidance on mortgage qualification, DTI limits, and what lenders look for. HUD.gov also provides resources for first-time homebuyers on budgeting and loan options.