Corie Adams
Lending Team
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Affordability

Home Affordability Calculator

There are two affordability numbers: what a lender will approve, and what you'll be comfortable paying. They're rarely the same, and the gap is where buyers get into trouble.

This calculator shows both, the maximum price your debt-to-income ratio supports, and the price behind whatever monthly payment you say feels comfortable.

Your numbers

$95,000
$550

Car loans, student loans, credit card minimums, not utilities or groceries.

$1,500
$2,200

Your results

Comfortable price

$268,302

Behind a $2,200 monthly payment

Maximum qualifying price
$373,360At a 45% debt-to-income ceiling
Maximum housing payment
$3,013
Your DTI at the comfortable payment
34.7%
Down payment required (comfortable)
$13,415
Gap between the two
$105,058

What happens if you change this

Your income supports up to $373,360 at a 45% debt-to-income ceiling, but the payment you said feels comfortable ($2,200) corresponds to about $268,302. Paying off $200 of monthly debt would raise your qualifying price by roughly $25,860. A one-point drop in rate would move the comfortable price by $268,302 → recalculate by sliding the rate to see it live.

Keep these numbers

Your results are yours already. If it helps, send them to yourself, or have Corie look at the same scenario and tell you what she would change.

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Keep learning

Questions people ask

What debt-to-income ratio do lenders allow?
It depends on the program and your overall profile. Many conventional approvals run to about 45%, and some go higher with strong credit and reserves. FHA can be more flexible.
Should I borrow the maximum?
Rarely. The maximum is a guideline ceiling, not a recommendation. Most buyers are happiest somewhere below it with room for maintenance, savings and life.

Estimates for education only, not a loan approval, rate quote, or commitment to lend. Actual figures depend on credit, property, program guidelines, and market conditions at the time of lock. Corie Adams · NMLS #1875205 · Network Funding, LP · NMLS ID #2297 · Equal Housing Opportunity.

In plain English

It works backward from your income and debts to a price range a lender would actually approve.

When to use it

  • Before you start touring homes or setting a search filter
  • After a raise, a new job, or paying off a car
  • When you want to know whether waiting to buy changes what you can afford

Common mistakes

Treating the maximum as the target
Approval limits are a ceiling, not advice. Most people are happier a step below the top of their range.
Leaving out debts that will still exist
Student loans, car payments and card minimums all count, even ones you intend to pay off later.
Ignoring the cash side
Affording the payment and having the closing funds are two separate questions. Run both.

Recommended next steps

  1. 01Plan the cash you will need
  2. 02Get Pre-Approved

Turn the estimate into real numbers.

A pre-approval replaces the assumptions above with your actual income, credit, and the terms available to you today.

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Other numbers worth running.

After the math

Where this number leads.