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Affordability Calculator

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Monthly Debts

Monthly Debt includes the payments you make each month on auto loans, credit cards (minimum payment) and student loans. Exclude Rent and Utilities.

Monthly Mortgage Payment$2,591.38 Loan Amount$350,000.00

Payment Breakdown

$2,591.38

per month

  • Principal & Interest $1,878.88
  • Taxes $175.00
  • Insurance $100.00
  • HOA Dues $0.00
  • PMI $437.50

Loan Details

Home Value: $350,000.00
Mortgage Amount: $350,000.00
Monthly Conventional Payment: $2,212.24
Down Payment: $0.00
Monthly Estimated PMI: $204.17
Monthly Mortgage Payment
$2,591.38
Loan Amount
$350,000.00
Your Debt to Income Ratio
2.88%/ 19.55%
Allowable Debt to Income Ratio
50%/50%
Purchase Price $350,000
Down Payment $0

Summary:

Based on what you input into today your Total Payment would be $2,591.38 on a Conventional Loan with a 0% Down Payment. Your Debt-to-Income Ratio is 51.83%/81.83% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.