How is the maximum price worked out?

First the largest housing payment that keeps your back-end debt-to-income ratio at the target: income × the ratio, minus your other monthly debts. Then the price whose full payment — principal and interest on the loan after your down payment, property tax, insurance, HOA and PMI if the down payment is under 20% — equals that amount.

What is a good debt-to-income ratio?

Conventional loans usually look for a back-end ratio of 36% or less, with approvals up to about 45–50% possible with strong credit or automated underwriting. FHA loans go to about 43%, sometimes higher with compensating factors. VA loans use 41% as a guideline and also check residual income. These are common guidelines, not promises; each lender decides.

Should I spend the maximum?

The maximum is a ceiling on the lender's rules, not a recommendation. Many buyers choose a lower payment to leave room for savings, repairs, rising insurance and the things a lender does not count, like childcare and utilities. Pick the ratio you are comfortable with and use the custom target.

Why does Florida insurance matter so much here?

Because it is part of the payment the lender counts. A premium that is a few thousand dollars higher lowers the price you qualify for. Get a quote for a specific home before you rely on the number.

Is this a pre-approval?

No. A pre-approval comes from a lender after they verify income, assets and credit. This estimate helps you see a range before that conversation.

How Much Home Can I Afford?

Turn your income, debts and down payment into a purchase price and a monthly payment that keep your debt-to-income ratio under the common lender guidelines — or a target you choose.

How much home you can afford

Enter your gross income to see the price range on these assumptions.

An estimate from your own numbers — not financial, tax or legal advice. Lenders calculate income and debts their own way. Talk to a licensed agent and a lender before you decide.

How it's calculated

Maximum housing payment = gross monthly income × target ratio − other monthly debts.
Maximum price = the price whose full payment equals that amount: principal and interest on (price − down payment) at your rate and term, plus price × tax rate ÷ 12, insurance ÷ 12, HOA, and PMI on the loan when the down payment is under 20%.
The 36% and 43% cards use the same inputs at those ratios; the DTI calculator works the other way, from a payment to a ratio.

Guidelines, not promises

The 36%, 43% and 41% figures are how conventional, FHA and VA loans are commonly underwritten. They are facts about typical guidelines, not an offer or a promise of approval: credit score, reserves, the property and each lender's own rules all matter, and lenders decide.

An estimate from your own numbers, not financial, tax or legal advice. Talk to a lender about pre-approval and to a licensed agent about homes in your range. Then see the full payment on a specific home with the mortgage payment calculator.

Know your range? Start the search.

A licensed real-estate professional can show you Florida homes that fit the payment you are comfortable with.

Buying? Talk to a licensed agent (954) 703-4504

Affordability questions

How is the maximum price worked out?: First the largest housing payment that keeps your back-end debt-to-income ratio at the target: income × the ratio, minus your other monthly debts. Then the price whose full payment — principal and interest on the loan after your down payment, property tax, insurance, HOA and PMI if the down payment is under 20% — equals that amount.
What is a good debt-to-income ratio?: Conventional loans usually look for a back-end ratio of 36% or less, with approvals up to about 45–50% possible with strong credit or automated underwriting. FHA loans go to about 43%, sometimes higher with compensating factors. VA loans use 41% as a guideline and also check residual income. These are common guidelines, not promises; each lender decides.
Should I spend the maximum?: The maximum is a ceiling on the lender's rules, not a recommendation. Many buyers choose a lower payment to leave room for savings, repairs, rising insurance and the things a lender does not count, like childcare and utilities. Pick the ratio you are comfortable with and use the custom target.
Why does Florida insurance matter so much here?: Because it is part of the payment the lender counts. A premium that is a few thousand dollars higher lowers the price you qualify for. Get a quote for a specific home before you rely on the number.
Is this a pre-approval?: No. A pre-approval comes from a lender after they verify income, assets and credit. This estimate helps you see a range before that conversation.

Tell us what you need

Selling, buying, renting or moving to Florida — a licensed real-estate professional will contact you. No obligation.

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Premier Real Estate Group Inc

Broker of record Maxim Bohadana, Florida broker license BK3314523

(954) 703-4504

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