House Affordability | Daily Calculators

Annual Gross Income ($):

Monthly Debt ($):

(Car loan, creadit card,
student loan payments, etc.)

Property Tax ($/yr):

Home Insurance ($/yr):

Down Payment ($):

Interest Rate(%):

Loan Term (Year):

15 years 30 years Other:

Front End Ratio:

28% 31% 33%

Back End Ratio:

36% 40% 44%

Income Taxes Rate(%):

How Much House Can I Afford?

Annual Gross Income - Annual pre-tax income.
Monthly Debt - Non-housing debts, including car payment, creadit card, student loan payment, etc.
Property Tax - Annual property tax.
Insurance - House owner insurance
Down Payment - Down payment when buying a house.
Interest Rate - Mortgage loan annual interest rate.
Loan Term - The term of the mortgage.
Front End Ratio - Calculated as Monthly Housing Expenses divided by Monthly Income.
Back End Ratio - Calculated as Total Monthly Debt Expenses divided by Monthly Income.
Income Taxes Rate - The ratio of your total taxes (including federal and state income taxes, medicare, social security etc.) and your income. This is used to illustrate monthly income breakdown chart.