There are two types of House Affordability Calculators based on either household income-to-debt estimates or fixed monthly budget and the said calculators are normally used to help people estimate how much houses they can afford based on different financial factors.
House Affordability Calculator (DTI-based)
| You can borrow | |
|---|---|
| Down payment | |
| Total home cost | |
| Upfront costs | |
| Back-end ratio | |
| Front-end ratio | |
| Monthly mortgage | |
| Annual mortgage | |
| Monthly insurance | |
| Annual insurance | |
| Monthly property tax | |
| Annual property tax | |
| Monthly total cost | |
| Annual total cost |
This calculator estimates affordability from a set monthly housing budget.
| You can borrow | |
|---|---|
| Down payment | |
| Total home cost | |
| Closing cost | |
| Monthly mortgage | |
| Annual mortgage | |
| Annual HOA fee | |
| Monthly insurance | |
| Annual insurance | |
| Monthly property tax | |
| Annual property tax | |
| Total monthly cost | |
| Total annual cost |