Purchase Budget Calculator

Find out how much home you can afford based on your income and debts

Your Financial Information

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Monthly: $10,000

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💰 You Can Afford a Home Worth

$588331

Based on 43% debt-to-income ratio

Monthly Payment

$3800

Loan Amount

$488331

Down Payment

$100,000

17.0%

Monthly Payment Breakdown

📋 Financial Guidelines

✓ Front-End Ratio (Housing Costs)

38.0%

Recommended: ≤ 28%

✓ Back-End Ratio (All Debts)

43.0%

Recommended: ≤ 43%

Educational Purpose Only

⚖️ Disclaimer: This calculator is provided for educational and informational purposes only. It does not constitute financial, legal, or professional advice. All calculations are estimates based on the information you provide and should not be considered as guaranteed purchasing power or loan terms.

💼 Consult Professionals: Always consult with a licensed mortgage broker, financial advisor, or lending professional before making any home purchase decisions. Actual affordability may vary based on your credit score, debt-to-income ratio, property location, loan type, and lender requirements.

📊 No Guarantees: MortgageHub does not guarantee the accuracy of calculations and is not responsible for any decisions made based on this tool. All rates, terms, and affordability estimates shown are examples only.