Home Affordability & Rent vs Buy Calculator

Enter a single set of numbers to estimate payment, affordability, cash to close, DTI and a basic rent vs buy comparison. For education only – not credit or rate approval.

1. Borrower Profile

Income and existing monthly debts.

2. Purchase & Loan Details

Price, down payment, rate and term.

3. Ownership Costs

Taxes, insurance, HOA and closing costs.
Property tax is estimated as a % of price; actual taxes vary by location.

4. Rent & Long-Term Assumptions

Used for the rent vs buy comparison.
Assumptions are rough and for illustration only. Actual market performance will differ.

Mortgage Payment

  • Loan Amount $0
  • Principal & Interest (monthly) $0
  • Property Taxes (monthly) $0
  • Homeowners Insurance (monthly) $0
  • HOA (monthly) $0
  • Total Est. Monthly Payment $0
Payment estimate excludes mortgage insurance and taxes/insurance escrow nuances.

Affordability (Based on DTI)

  • Max Total Housing Payment (per month) $0
  • Suggested Max Home Price $0
  • Suggested Max Loan Amount $0
Uses your income, debts and target DTI to estimate what price range may fit typical guidelines.

Cash Needed to Close

  • Down Payment $0
  • Estimated Closing Costs $0
  • Total Estimated Cash to Close $0
Closing costs vary by lender, loan type and local fees. This is a rough estimate only.

DTI & Pre‑Qualification Snapshot

  • Front‑End DTI (housing ÷ income) 0%
  • Back‑End DTI (housing + debts ÷ income) 0%
Enter income, debts and a purchase scenario to see DTI.
This is an educational snapshot, not a credit decision or pre‑approval. Lenders may use different limits based on program and your full profile.

Rent vs Buy (Over Time)

  • Total Rent Cost over 0 years $0
  • Net Cost of Owning over same period $0
  • Avg. Monthly Cost – Renting $0
  • Avg. Monthly Cost – Owning (net of equity) $0
Enter rent, a home price and years to compare long‑term costs.
Simplified comparison: ignores tax deductions, investment returns and many details. Talk to your lender and tax professional for personalized advice.