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    Alvin Slate, REALTOR®(470) 944-7167
    Home Buying Power

    Mortgage & Affordability Calculator

    See exactly how much home you can afford, what every dollar of debt costs you in buying power, and the income you'd need to hit any target price. Adjust the assumptions and the numbers update live.

    Your estimated maximum purchase price

    $349,763

    Max purchase price

    Buying power (share of budget free for housing)78%

    With $8,000/mo income and $800/mo in debts, these assumptions support a home price up to about $349,763 at an example rate of 7.5% over 30 years. That is an estimated total payment of $2,800/mo.

    The estimated maximum is $349,763. Your comfortable ceiling is $274,813. I would shop closer to $274,813, a $2,200/mo payment.

    $800/mo
    $
    /mo
    $
    /mo
    $
    /mo

    Estimated max monthly debt at this DTI

    $3,600

    Minus your debts

    −$800

    Left for housing (PITI)

    $2,800

    PITI breakdown at $349,763

    Loan amount$314,786
    Down payment (10%)$34,976
    Monthly principal & interest$2,201
    Property tax$321
    Homeowners insurance$160
    PMI $118
    Total monthly PITI$2,800
    Est. cash to close (down + ~2.5% closing)$43,720

    Want to talk through these numbers?

    I can walk you through what they mean for your home search. Curious about the other side of the equation? What's my home worth?

    Book a call
    Important disclosures

    This calculator is an educational tool. It shows an illustration built from the numbers you enter. It is not a loan quote, an offer of credit, a rate lock, a pre-approval or a commitment to lend.

    The figures assume a 30-year fixed-rate loan with 360 monthly payments. The interest rate is an example that you can change. The starting values are placeholders, not current market rates. The rate you could actually get depends on your credit, the loan type, the property and the market on the day a lender locks it.

    Property taxes, homeowners insurance and private mortgage insurance (PMI) are estimates entered as percentages. Actual amounts vary by property, county, insurance carrier and loan program.

    HOA dues are not included. If a home has HOA dues, they lower the price you could qualify for. The debt-to-income (DTI) limit is an assumption that you can change. Each lender sets its own limit through its own underwriting, and it may be higher or lower.

    I am a real estate licensee. I publish this calculator to help you plan. I am not offering a loan or taking loan applications on this site. For a loan estimate or a pre-approval, talk to a licensed mortgage lender. For tax or legal questions, talk to a CPA or an attorney.

    Published by Alvin Slate, REALTOR®, eXp Realty. Equal Housing Opportunity.