Affordability Calculator
Calculate the maximum home price you can afford
Your Financial Details
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(car loans, student loans, credit cards)
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$
Uses stress test rate (higher of contract rate + 2% or 5.25%) for qualification. Consult a mortgage broker for formal pre-approval.
Maximum Home Price
$433,768
Based on stress test rate: 7.25%
Limited Affordability
Your ratios exceed acceptable thresholds
GDS Ratio
32.0%
Target: ≤32%
TDS Ratio
38.0%
Target: ≤40%
Monthly Breakdown
Gross Monthly Income$8,333
Estimated Mortgage Payment$2,412.50
Property Tax$104.17
Heating$150
Other Monthly Debts$500
Ratio Definitions
GDS: Mortgage + taxes + heating ÷ gross income (max 32%)
TDS: Mortgage + taxes + heating + debts ÷ gross income (max 40%)