Enter your income, debts, and down payment. We'll show your maximum purchase price based on standard lending guidelines, the full PITI payment breakdown, and how different down payment amounts affect your monthly cost.
Income & debts
Use gross (pre-tax) monthly income — that's what lenders use to calculate your debt-to-income ratio
Use minimum monthly payment
Loan & home details
These affect your monthly payment directly — adjust to match your situation
Leave blank if no HOA
Interest rate7.0%
Property tax rate1.10%
Home insurance (annual)$1,500
Maximum home affordability
Max purchase price
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Based on 43% back-end DTI
Max monthly housing payment
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Principal, interest, taxes, insurance
Down payment entered
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—
0%28% front-end43% back-end50%
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total DTI
Lending guidelines check
At your entered purchase price — how the numbers line up against standard mortgage guidelines
Down payment comparison — 5% / 10% / 20%
How different down payment amounts affect your monthly payment, PMI, and total loan. Based on your entered purchase price.
PMI note: Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. It typically costs 0.5–1.5% of the loan amount annually and can be removed once you reach 20% equity. This tool estimates PMI at 0.85% annually.
Monthly payment breakdown
Full PITI at your entered down payment — —
Component
Monthly
Annual
Cadence Wealth Partners, LLC · Concord, NC For planning purposes only. Not a mortgage commitment or guarantee of loan approval. Actual rates, terms, and qualification requirements vary by lender.