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HomePlanner
Work backward from your income and debts to find the maximum home price a lender would approve.
Lenders cap your total monthly debt payments (including the new mortgage) at a percentage of gross income — typically 36% for conventional loans, up to 43% for qualified mortgages. This calculator works backward from that cap to find your maximum home price.
The maximum a lender approves isn't necessarily what you should spend — it doesn't account for property taxes, insurance, maintenance (1-2% of home value/year), or your other financial goals. Many advisors recommend buying 20-30% below your maximum.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenWhat you entered
Monthly gross income
$80,000.00 / 12= $6,666.67Max housing payment (36% DTI − debts)
$6,666.67 × 36% − $400.00= $2,000.00Max loan amount (PV of annuity)
PMT × [(1+r)^n − 1] / [r(1+r)^n]= $316,421.64Max home price (20% down)
$316,421.64 / (1 − 20%)= $395,527.05Result
Max home price: $395,527
With $80,000 annual income, $400/mo in debts, and a 36% DTI limit, you can afford up to a $395,527 home with 20% down.