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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

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$

Down Payment

%
$

Loan Details

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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.

Smart Tips

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