Affordability Calculator

Not sure how much home you can realistically afford? Our affordability calculator takes your income, monthly expenses, and down payment into account to give you a clear picture of your budget before you start shopping. Knowing your number upfront makes the entire process smoother and less stressful.
Affordability Calculator
Your Finances
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$
Car, student loans, credit cards, etc.
Loan Details
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Based on front-end and back-end DTI guidelines. Actual qualification depends on credit score, loan type, lender requirements, and full financial profile. Consult a licensed mortgage professional.
Max Home Price
$0
Based on your income & debts
Est. Monthly Payment
$0.00
PITI at selected price
Monthly Payment Breakdown
Principal & Interest$0.00
Property Taxes$0.00
Hazard Insurance$0.00
Total Monthly (PITI)$0.00
Property Tax Note: Taxes calculated at 80% of home price to reflect primary residence homestead exemption.
Affordable Price Range
Conservative
$0
38% DTI
Recommended
$0
42% DTI
Discuss with Loan Officer
$0
46% DTI
Click any price range to see its monthly payment breakdown above. Conservative = comfortable payment with room to spare. Recommended = typical qualifying range for most buyers. Discuss with Loan Officer = possible with strong compensating factors — contact us to explore options.
All payment and APR calculations are estimates for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, insurance, and mortgage insurance. Actual amounts will vary. This calculator does not constitute an offer to lend, a rate lock, or a loan approval. Loan approval is subject to credit verification, underwriting, investor guidelines, and program availability. Rates and terms are subject to change without notice. Your actual APR may be higher. Results do not indicate whether you qualify for a loan. For complete details, please contact us directly.

Ready to Get Your Real Numbers?

Calculators are a great place to start but every situation is unique. The best way to know exactly where you stand is to connect with one of our experienced loan officers. They will review your full financial picture and give you accurate numbers tailored to your specific goals. Reach out today and let us help you take the next step with confidence.
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IH Mortgage | 5430 Glen Lakes Drive Suite 170 | Dallas, TX 75231 | NMLS ID 1872001 | NMLS Consumer Access | 214-295-4465 | info@ihmortgage.net | Privacy & Legal

© 2026 IH Mortgage. All rights reserved. IH Mortgage supports Equal Housing Opportunity, IH Mortgage is headquartered at 5430 Glen Lakes Drive, Suite 170, Dallas, TX 75231.

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to credit and property approval.

IH Mortgage, NMLS# 1872001, is licensed under the laws of the state of Texas and by state law is subject to regulatory oversight by the Texas Department of Savings and Mortgage Lending.

Figure: 7 TAC §56.200(c) TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML'S WEBSITE: SML.TEXAS.GOV

All payment and APR calculations are estimates provided for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, homeowners insurance, mortgage insurance, and other applicable costs. Actual payment amounts, APR, interest rates, closing costs, and loan terms will vary. This calculator does not constitute an offer to lend, a rate lock, prequalification, preapproval, or loan approval. Loan approval is subject to credit verification, income and asset documentation, underwriting review, investor guidelines, and program availability. Rates, fees, and terms are subject to change without notice. Every borrower’s circumstances are unique, and actual loan terms and qualification depend on factors including, but not limited to, loan type, credit profile, debt-to-income ratio, loan-to-value ratio, occupancy, property type, income, assets, and other underwriting requirements. Your actual APR may be higher than the estimate shown. Results do not indicate or guarantee that you qualify for a loan or any specific loan program. For complete details and a personalized loan analysis, please contact us directly.