Buyer Affordability Calculator
Income
$
$
Monthly Debts
$
$
$
$
Loan Details
%
%
yrs
%
Monthly Costs (Condo)
$
%
$
%
Based on standard underwriting guidelines — actual loan approval depends on your lender, credit, and market conditions.
Example: $180,000 household income, 10% down
Lenders underwrite principal, interest, taxes, insurance, and often HOA inside DTI caps.
In Miami, HOA + insurance can shrink the affordable purchase price versus a national mortgage-only calculator.
Affordability is usually payment-driven, not just income × a multiple — use the calculator with your real HOA quote.
How it works
- Enter household income, monthly debts, and down payment.
- Set rate, term, HOA, tax, and insurance assumptions.
- Read the estimated max purchase price and monthly payment stack.