House Affordability Calculator
以下详细说明暂以英文提供。
How lenders decide what you can afford
Lenders cap your total monthly debt payments as a share of gross income — the debt-to-income ratio. A 36% cap means all debt combined (future housing payment plus car loans, cards, and student loans) may not exceed 36 cents of every dollar earned before tax. This calculator takes your income, subtracts existing debts from the allowance, and converts what is left into the loan amount that payment supports at your chosen rate and term.
常见问题
Is 36% the only debt-to-income cap?
No. Conventional loans often allow up to 45% or higher with strong credit, while FHA programs can exceed 50% in some cases. A lower cap gives a safer budget; raise the field to see what a lenient lender might approve.
Does this include taxes, insurance, and repairs?
No — the figure covers principal and interest only. A practical rule is to budget another 1–2% of the home price per year for taxes, insurance, upkeep, and HOA dues before committing.