Home Affordability Calculator
This calculator is intended for educational purposes only. It is not intended to be a substitute for professional advice of the licensed real estate or mortgage broker. To get help from the real estate agents or mortgage lenders in your area, or just ask a question, use the Rionta connection link below.
Income / Housing Ratio
Gross Annual Income (income before taxes)
Maximum Housing Expense Ratio %
Maximum Mortgage Payment Based on Housing Ratio
Mounthly Debts / DTI
Credit Card Minimum Payments Total
Car Loans Total
Installment Loans Total
Child Support & Other Obligations
Other Mortgages
Other Loans
Current Mounthly Debts Total
Debt-to-Income Ratio Limit
Maximum Mortage Payment Based on DTI
Maximum Mounthly Payment (based on Income and DTI)
Monthly Housing Expenses
Estimated Property Tax
Home Owners Insurance
PMI (private mortage insurance)
HOA Fees
Other Housing Expenses Total
Maximum PI Payment (based on housing expense)
Available Funds
Available Funds (from all sources)
Fixed Closing Costs (e.g hazard insurance premium)
Variable Closing Costs (based on price)
Down Payment Amount
Maximum Home Price Based on Funds
Max PI Payment Based on Funds (M4)
Maximum PI Payment (based on all limiting factors)
Financing
Temr of Mortgage (30,20,15 years,etc)
Annual Interest Rate
Loan Amount Based on Max PI Payment
Down Payment Based on Available Funds
Total Estimated Closing Costs
Maximum Home Price
Depreciation
% of Home Price Depreciable
Years to Depreciate
Annual Depreciation (straight-line)
Estimated Home Price
Loan Amount
Down Payment
Est. Closing Costs