Buying Power Calculator

What could you comfortably afford — really?

This works backward from your income, debts, and a target debt-to-income ratio to estimate a comfortable price range — not just the maximum you might technically qualify for.

Your income & goals

Gross monthly household income ($)

Other monthly debt payments ($)Cars, credit cards, student loans, etc. — not including future housing payment.

Down payment available ($)

Interest rate (%)

Loan term (years)

Target back-end DTI (%)43% is a common ceiling for many programs, but this varies.

Est. annual tax + insurance (% of price)

Estimated Comfortable Purchase Price

Estimated max monthly housing payment$0

Estimated loan amount$0

Down payment used$0

This calculator provides estimates for educational purposes only and is not a loan approval, quote, or commitment to lend. Actual figures depend on your credit profile, final interest rate, property taxes, homeowners insurance, mortgage insurance, HOA dues, loan program, and other underwriting factors. Talk with Chad to get numbers specific to your situation.

Common Questions

FAQ

Is this the same as "affordability"?

Yes — buying power and affordability describe the same idea: what purchase price fits your income and debt picture at a target payment level.

Why does the result differ from a lender's preapproval number?

Preapproval considers your full credit file, exact program guidelines, and verified documentation. This is a fast, rough estimate to help you plan before that conversation.

Next Step

Want to talk through what this means for you?

Numbers are a starting point. Let's turn them into a real plan.

See Where I Stand Talk With Chad