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Can this home fit your budget?

Explore housing and debt-to-income ratios. This tool does not determine mortgage eligibility.

Your home scenario

Enter the home you’re considering and the costs that come with it.

6.5% is an editable example, not a current rate quote. Enter a lender estimate for mortgage insurance, if applicable.

Your monthly budget

Other debts exclude the proposed mortgage. Living expenses exclude housing and debt payments.

36% is an adjustable planning example, not a universal lender requirement.

Your affordability snapshot

Estimate

Estimated monthly housing cost

$2,648/ month

$320,000 loan · 30 years · 6.5% interest

Principal & interest$2,023
Property taxes$400
Home insurance$150
Mortgage insurance$0
HOA fees$75
$320,000Loan amount
$408,142Lifetime loan interest

Your budget

26.5%Housing ÷ gross income
33.5%Total debt-to-income ratio
$1,652Monthly cash left after entered costs
$2,900Housing allowance at your DTI target

Within your 36% DTI planning target. Cash remaining must also cover any expenses, savings and reserves you have not entered.

This is not a qualification decision or preapproval. Different loan programs and lenders apply different criteria.

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A budget check, not an approval

Lenders also review credit history, verified income, assets, loan type and other factors. A debt-to-income comparison alone cannot tell you whether you qualify. Closing costs, maintenance, repairs, utilities, rate changes and future tax or insurance increases are not part of this estimate. CFPB home-buying resources

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