How much house can you afford?

Modified: Jun 13, 2001 - Allow variable debt ratios Hey, people in California should get to buy homes too! The calculator now allows you to use the higher debt ratios allowable in certain high expense housing area.
  • Annual Income
  • Monthly Debt (Car payments, credit cards, student loan payment etc.)
  • Cash in hand for down payment
  • Property tax rate (1% = $1000/yr for 100K house)
  • Home Insurance rate (0.5% = $500/yr for 100K house)
  • Interest Rate (%)
  • Length of Loan (years)
  • Maximum PITI Debt Ratio (%) - If unsure leave as 28%
  • Maximum Total Debt Ratio (%) - If unsure leave as 36%
    Hugh Chou