DTI Ratio Guidelines
Lenders typically use a 36/43 rule: monthly housing costs should be ≤36% of income, and total debt ≤43% of income.
20% Down Payment
A 20% down payment eliminates PMI (Private Mortgage Insurance), saving you hundreds per month.
Consider All Costs
Don't forget property taxes, insurance, HOA fees, and maintenance when calculating affordability.
Unable to calculate affordability with current inputs.