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True Home Affordability Calculator
See what you can really afford including all the hidden costs: maintenance, utilities, emergency funds, and more. Get the complete picture before you buy.
Your Financial Details
Income & Debts
$
$
Down Payment
%
$
Loan Details
%
Property Details
%
$
You Can Afford
$341,950
Down Payment$68,390
Closing Costs$10,258
Cash Needed$78,648
Traditional Monthly Payment
Principal & Interest$1,820
Property Tax$342
Homeowners Insurance$100
Total Payment$2,262
Debt-to-Income Ratio27.6%
True Monthly Cost
Monthly Payment$2,262
Maintenance (1%/yr)$285
Utilities (est.)$200
Emergency Fund Savings$142
True Monthly Cost$2,889
True Cost Ratio33.9% of income
Emergency fund target: $3,419
Income Analysis
Based on the 28% rule, your maximum housing payment should be $2,800/month.
Monthly Income:$10,000
After Housing:$7,111
Limiting Factors
Your income limits you to a $341,950 home. Your savings could support a more expensive property.
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