Calculator
Buying Power Estimator
Work out the maximum purchase price your income and debts support, and see exactly how the debt-to-income ratio gets there.
How the number is calculated
Lenders start with your gross monthly income, multiply by a debt-to-income ceiling, then subtract your existing monthly debts. What is left is what can go toward housing, and housing means the whole payment: principal, interest, taxes, insurance, HOA and mortgage insurance.
The calculator then solves backward for the purchase price that produces exactly that payment. Change the down payment or the loan type and the answer moves, because both change how much of the payment is interest and how much is mortgage insurance.
What it will not tell you
This is the ceiling underwriting allows, not a recommendation. Plenty of buyers qualify for more than they should spend. Reserves, credit score, property type and program overlays all shift the real answer, and some income types are counted differently than you would expect — see how lenders calculate income.
Related
All calculators · Payment calculator · Debt-to-income explained · First-time buyers
Want the real numbers instead of estimates? I am David Silva, a mortgage loan officer in Westminster, CO (NMLS 1352284), licensed in Colorado, California, Georgia and Texas. Send me your scenario and I will run it with your actual credit profile, the property real taxes and HOA, and current pricing.