Affordability Calculator / How much house can I afford?
Debt to Income Ratios
Front Ratio
28
29
30
31
32
33
34
36
38
%
Back Ratio
35
36
37
38
39
40
41
42
43
44
45
%
Generally you won't have to modify the debt to income ratios in this calculator. The standard debt to income ratio is 33/38. If you wish to adjust these settings consider the following: The front ratio is the percentage of your monthly gross income (before taxes) that is used to pay your housing costs, including principal, interest, taxes, insurance, mortgage insurance (when applicable) and homeowners association fees (when applicable). The back ratio is the same thing, only it also includes your monthly consumer debt. For the purposes of this calculator, input the maximum percentages that your lender will allow when extending a loan.
Other Information
Gross Income:
$
Monthly
Yearly
Down Payment
$
Monthly Consumer Debt Payments
$
Anticipated Interest Rate
%
Term of Loan
years
Lloyd And Associates
Real Estate Group
4611 Assembly Drive Suite B
Lanham MD 20706
301.577.2210 Office
877.577.2210 TollFree
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