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Affordability Calculator

Figure out the maximum home price you can afford before you start house hunting.

Note: Calculators display default values. Enter new figures to override.

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Save this information (as a PDF document) or send via email. You can refer to this information when you speak with a mortgage company or a housing counselor.

You can potentially afford a max of:

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What you shared about your financial situation:

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Expected funds needed at closing:

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Information about your potential mortgage:

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These calculator results are estimates based on your inputs, a 36%* DTI (debt-to-income) default setting, and other assumptions required to make a preliminary calculation. Depending on your inputs, the default values for property taxes, homeowner’s insurance and HOA fees may not be accurate for your situation. Contact a bank, credit union, housing advisor, or lender to determine your loan eligibility and accurate costs. Fannie Mae does not offer mortgage loans to consumers and this in no way indicates approval or financing of a mortgage loan.

* Lenders often use your DTI and other factors (i.e., underwriting guidelines) to confirm eligibility and the type of loan you may be offered. Lenders may require a higher or lower DTI percentage to determine loan eligibility based on your individual financial situation.