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Annual rate as % of home value
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Based on 36% DTI with $3,600/month payment
Three options based on different debt-to-income ratios
Safest option with breathing room for unexpected expenses
$2,800/month
Balanced approach - most common choice for stable income
$3,600/month
Maximum qualification - leaves little room for error
$4,300/month
Compare home prices and what you'll pay each year
How each option affects your monthly finances
Monthly income remaining after housing payment:
Conservative
$7,200 left
Moderate
$6,400 left
Aggressive
$5,700 left
What these numbers mean for you
Conservative ($423,274): Safest option with breathing room for unexpected expenses
Moderate ($530,151): Balanced approach - most common choice for stable income
Aggressive ($623,658): Maximum qualification - leaves little room for error
With less than 20% down, you'll likely pay PMI. Budget an extra $188/month.
With a $120,000 annual income and $80,000 down payment, we recommend looking at homes up to $530,151. This keeps your monthly payment at $3,600, leaving you with $6,400 each month for other expenses.
Here are the exact formulas behind your numbers. No black boxes — just math.
Monthly Gross Income
Max Housing Payment (28% rule)
Max Total Debt Payment (36% rule)
Monthly Rate
Number of Payments
Loan Amount
Max Home Price
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