The Abodefy Mortgage Calculator helps you find out an affordable budget for your new home
Easy to use, just enter your salary, how much you have saved for a down payment, and any debt payments.
Advanced mode let's you set a credit score, interest rate and loan term.
This expanded setting will include additional fields to closer define your loan needs and payment amount.
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You can afford a house up to
$248,596Monthly Payment This is the total payment, including mortgage, mortgage insurance, HOA fees, and property tax that will fit the affordability index target of 36%.
$1,116 This is the total payment, including mortgage, mortgage insurance, HOA fees, and property tax that will fit the affordability index target of 36%.
DTI Ratio Your Debt-to-Income (DTI) ratio is crucial for lenders assessing your loan affordability. A DTI of 36% or below is ideal, signaling a good balance of debt to income. DTIs between 36% and 43% are acceptable but higher risk, while above 43% may hinder loan approval.
36% Your Debt-to-Income (DTI) ratio is crucial for lenders assessing your loan affordability. A DTI of 36% or below is ideal, signaling a good balance of debt to income. DTIs between 36% and 43% are acceptable but higher risk, while above 43% may hinder loan approval.
Mortgage Amount
$233,596This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. First Choice Lending Group can provide you an approval within 48hrs.
When you are comfortable with your budget, try out map search for Houston, Dallas-Fort Worth and San Antonio.
If you want the most personalized home search, try our Picky Picky game.
