Million Forge | Free Calculators & Practical Tools

Annual gross incomeOther monthly debt paymentsDown payment (%)Mortgage rate (%)Loan term (years)Max housing DTI — front-end (%)Max total DTI — back-end (%)

Estimated max home price (DTI)

$406,074

Based on 28% front-end / 36% back-end DTI, 20% down, 6.5% rate, 30 years.

Monthly gross income: $9,167
Max monthly housing (PITI): $2,567
Affordable loan amount (P&I only): $324,860

Rules of thumb

3× gross income: $330,000
3.5× gross income (stretch): $385,000

Lenders use debt-to-income (DTI) ratios. Front-end is housing costs; back-end includes all debts. This calculator approximates taxes and insurance with a simple gross-up. Actual pre-approvals consider credit, reserves, and current underwriting.