How much home can you afford?

Lenders look at one key number: how much of your monthly income already goes to debts. This calculator works backward from your income and debts to the home price that fits — with the full monthly payment broken out. Move the sliders and watch it update instantly.

Your numbers

Defaults reflect a typical Portland-metro buyer — adjust anything to match your situation.

Gross annual income Before taxes — salary plus any regular bonus or second income

$30k$300k

Monthly debts Minimum payments on car loans, credit cards, student loans, and other debts

$0$2,500

Down payment Cash you plan to put down on the purchase

$0$250k

Interest rate Estimated rate for your loan — Chris can quote today's real number

3%12%

Loan term Shorter terms cost less interest but raise the monthly payment

Property taxes Estimated monthly amount, escrowed with your payment

$/mo

$0$1,500

Homeowners insurance Estimated monthly premium, escrowed with your payment

$/mo

$0$600

HOA dues Monthly homeowners association dues — leave at $0 if none

$/mo

$0$800

Back-end DTI target Share of gross income allowed for housing plus all debts — 43–45% is a common qualifying range

30% conservative55% max

What you could afford

Your price ceiling, the loan behind it, and exactly where the monthly payment goes.

Maximum home price

Monthly payment breakdown

Principal & interest On the loan amount above $0
Property taxes Your monthly estimate $0
Homeowners insurance Your monthly estimate $0
HOA dues Your monthly estimate $0
Total monthly payment Everything above, combined $0

Your debt-to-income ratios

Front-end DTI

housing payment ÷ gross income

Back-end DTI

housing + debts ÷ gross income

What this means

Want your real approval number?

A pre-approval looks at your full picture — credit, loan program, and options like VA, FHA, and down-payment assistance that can stretch this number further. No obligation, just straight answers.

Chris Borg · (503) 481-1369 · chris.borg@edgehomefinance.com

Call (503) 481-1369 Email Chris

This calculator is an educational estimate only — not a loan offer, rate quote, or financial advice. It works from the income, debts, and estimates you enter and a single back-end DTI target; actual qualifying amounts vary by loan program, credit profile, property taxes and insurance on the specific home, and lender guidelines, and rates change daily. Figures do not include mortgage insurance, closing costs, or prepaid items. Talk with Chris for numbers based on your specific situation and a current rate quote.