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Home Affordability

Estimates the home price you can afford from income, debts and down payment using common lender ratios.

Ergebnis

Tilgungsplan

YearKapitalZinsen gesamtBalance

So funktioniert's

  • Enter Loan amount.
  • Enter Annual rate %.
  • Enter Term (years).

Die Formel

Max payment ≈ 28% of gross monthly income.

Rechenbeispiel

On $80,000 income with low debts, many lenders target a housing payment near $1,900/month.

Häufige Fragen

What is the 28/36 rule?

Housing ≤28% of gross income; total debt ≤36%.

Does down payment matter?

Yes — a larger down payment lowers the loan and the payment.

Tipps

  • Compare the total interest, not just the monthly payment.
  • A larger down payment lowers both the loan and any insurance.
  • Even small extra principal payments cut years off the term.

Begriffe

Principal
The amount borrowed, before interest.
Amortization
Spreading repayment into equal periodic payments.
Escrow
Funds held for taxes and insurance.