Mortgage & Home
First-Time Homebuyer Calculator
Estimate your home buying budget based on income, savings, and debts. See which mortgage programs (conventional, FHA, VA, USDA) you may qualify for and what your monthly payment would look like.
Car, student loans, credit cards, etc.
Max Home Price
$284,630.18
Est. Monthly Payment
$2,119.07
Loan Amount
$244,630.18
Down Payment
$40,000.00
Down Payment %
14.05%
LTV
85.95%
DTI
36.98%
Monthly PMI
$152.89
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How This Calculator Works
Affordability is based on 28% front-end DTI (housing costs ≤ 28% of gross income) and 36% back-end DTI (all debts ≤ 36% of income). The calculator reverse-solves for the maximum home price given your income, debts, and available down payment.
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Frequently Asked Questions
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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.