Decision Fish's Affordable Home Calculator

This Affordable Home Calculator will help you decide how much you can afford to spend on a new home. Enter your numbers under Assumptions. Start by entering either your Monthly Housing Budget to estimate an affordable home price, or a Purchase Price to see the matching monthly cost.

Then review the Results and Suggestions for next steps. Tap the ℹ️ or 🔗 for help and resources.

Assumptions

Personal Finance

Annual Income ($):

Monthly Housing Budget ($)

Monthly Debt Payments ($):

Credit Score:

Cash Savings ($):

Property Details

Property Type:

Condo/House

Co-op

Purchase Price ($)

Monthly Common Charges/Maintenance ($):

Monthly Multifamily Rental Income (Info🔗) ($):

Financing Details

Interest Rate (Info🔗) (%):

Mortgage Type:

Conventional

FHA

Down Payment (%):

Assistance ($):

Advanced Show details ▼

PMI Rate Override (%):

Loan Term (years):

Homeowners Insurance (monthly $):

Property Tax (% of price/year):

Monthly Maintenance, Repairs & Assessments ($):

Title Insurance ($):

Your Attorney Fee ($):

Application & Move-in Fees ($):

Bank & Appraisal Fees:

Home Inspection Fee:

Movers, Painters, Repairs, etc. ($):

Front-End DTI Threshold (%):

Back-End DTI Threshold (%):

Post-Closing Liquidity Buffer (Months):

Results

Monthly Housing Costs Show details ▼

Loan Payment (Principal & Interest): ℹ️ N/A

PMI (0.500%): N/A

Common Charges/Maintenance: N/A

Property Tax: ℹ️ N/A

Homeowner's Insurance: N/A

Maintenance & Repairs: N/A

Total:

N/A

Affordability Tests ℹ️ Debt-to-Income ratios measure how affordable a home is. Front-end DTI is the ratio of housing costs to income. Back-end DTI is the ratio of housing costs plus other debts to income.

Front-End DTI

N/A

Back-End DTI

N/A

Closing Costs Show details ▼

Down Payment: N/A

Your Attorney: N/A

Title Insurance: N/A

Mortgage Recording Tax (1.800%): N/A

Bank Attorney & Appraisal: N/A

Home Inspection: N/A

Move-in/Board Application: N/A

Movers, Painters, Repairs, etc: N/A

Less Assistance: N/A

Total:

N/A

Savings Progress

Suggestions

💭 Take a moment to reflect on any of these questions: What did you learn from these results and suggestions? How did you feel about them? What’s your next step?