Affordability Calculator
See how much home you can afford.
Enter a few quick numbers and we'll estimate your purchase power in real time — the maximum home price your income and credit can support today. It's a fast, no-pressure way to set your range before you start shopping.
Your numbers
Cash you have available to put down
$
Before taxes and deductions
$
Your W2 gross annual income.Recurring debt: car payments, credit cards, student loans
$
Sets your estimated interest rateEstimated rate: 6.40% (30-yr fixed)
Your estimated purchase power
$599,627
The maximum home price your income and credit can support today.
Estimated loan amount$559,627
Est. monthly payment (PITI)$4,300/mo
Max housing payment (49% DTI)$4,300/mo
Down payment applied$40,000
Inside the monthly payment
Get Pre-Approved Principal & interest$3,500/mo
Estimated property tax$625/mo
Estimated homeowners insurance$175/mo
This is an estimate, not a pre-approval. Talk to a loan officer for a personalized review.
- Back-end DTI cap of 49%. Your total monthly debt (housing payment plus the expenses you entered) is held at or below 49% of your gross monthly income.
- 30-year fixed loan. Payments assume a 30-year term at the rate tied to your selected credit score.
- Rate by credit score. Interest rates are static, illustrative estimates per credit tier — they are not a live quote and will vary by lender, loan program, and market conditions.
- Estimated property tax of 1.25% and homeowners insurance of 0.35% of the home's value per year are built into the monthly payment (PITI).
- Figures exclude HOA dues, mortgage insurance (PMI/MIP), and closing costs, which can meaningfully change your real budget.
This calculator is for educational purposes only and provides an estimate, not a pre-approval, commitment to lend, or financial advice. Actual loan terms depend on a full application, verified income and assets, the property, and current rates. Contact 7 Mortgage to get a personalized pre-approval.