Miami · Home Affordability Calculator

How much house can you afford?

Enter your income and monthly debts. We'll show the max home price a lender is likely to approve — using the same DTI math underwriters use.

Your finances

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Car loans, student loans, credit-card minimums, child support. Don't include current rent.

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43% is typical for FHA/conventional. VA can go higher. Conservative: 36%.

How we estimate: Front-end ratio capped at 28% of gross income (housing only). Back-end capped at your DTI setting (housing + all debts). Whichever is tighter wins. PMI auto-estimated at 0.6%/yr when down payment is under 20%.

Mortgage payment

Full PITI breakdown + amortization for a specific home price.

Should I refinance?

Breakeven month and lifetime savings comparing old vs new loan.

Affordability FAQ

How lenders decide your budget

What is DTI?

Debt-to-income ratio is your total monthly debt payments divided by gross monthly income. Lenders use two: front-end (just the housing payment) and back-end (housing + all other debts). A 43% back-end DTI is the ceiling for most FHA and conventional loans.

Should I max out what I can afford?

No. The calculator shows what a lender will approve — not what's comfortable. Many financial planners suggest keeping total housing costs under 28%–30% of gross income so you have room for savings, repairs, and real life. Treat this as the ceiling, not the target.

Does my down payment affect approval?

A bigger down payment lowers your loan, which lowers your monthly payment — so yes, it increases the maximum home price you can afford at a given DTI. It also removes PMI at 20% down on conventional loans, cutting your monthly cost further.

What if my DTI is above 43%?

Options still exist: VA loans can go much higher with residual income, FHA will sometimes approve 50%+ with compensating factors, and paying down a car loan or credit card can instantly boost your budget. Call me — we can run your real scenario.