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To determine how much house you can afford, use this home affordability calculator to get an estimate of the property price you can afford based upon your income and debt profile. Generally, lenders cap the maximum monthly housing allowance (including taxes and insurance) to lesser of Front End Ratio (28% usually) and Back End Ratio (36% usually).
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We license calculators from CalcXML, who estimates how much house you can afford based on a few important items, including income, amount of money saved for a down payment, and monthly obligations.
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Use this calculator to determine how much house you can afford.. Based on your income, a house at this price should fit comfortably within your budget.
The LendingTree home affordability calculator allows you to analyze multiple scenarios and mortgage types to find out how much house you can afford.