Approximate maximum price under the assumptions shown.
Total debt ratio is limiting$2,700 housing budget / mo
FINANCIAL CALCULATOR
Home Affordability Calculator
Estimate a practical maximum home price from income, debt, down payment and monthly housing costs. This is a planning estimate, not a loan approval.
Purchase estimate
Estimated home price$404,740
Down payment$60,000
Estimated loan amount$344,740
Closing costs estimate$12,142
Estimated cash needed$72,142
Monthly housing estimate$2,700
Budget check
Gross income / month$10,000
Other debts / month$900
Monthly P&I$2,179
Property tax / month$371
PMI / month$0
Total DTI36.0%
HOW THE LIMIT IS SET
Two budget checks compete. The tighter one wins.
Planning estimate only, not a prequalification or approval. PMI is a manual monthly assumption, not a lender quote. Closing costs may exclude prepaid items and escrow funding. Lenders can use different DTI limits and underwriting rules.
METHOD
A planning limit, not a magic approval number.
CalcStreet compares a housing-only budget with a total-debt budget, uses the tighter monthly limit, then solves backward for a home price using your mortgage rate, down payment, taxes, insurance, PMI and HOA assumptions.
Housing budget = min(housing DTI cap, total DTI cap − other debts)Change either ratio to model a more conservative or more flexible scenario.