Saige Real Estate

Set your budget

How much can I afford?

Great question! The first step to purchasing a home is determining how much house you can afford comfortably. Here is general information about home affordability however it’s important to confirm your affordability with a lender.

The 28/36 rule; Generally housing expenses shouldn’t exceed 28% of your monthly income and no more than 36% on total debts, including your mortgage, credit cards and other loans, like auto and student loans.

The Home Affordability Calculator helps break down how taking on a mortgage debt affects your expenses and savings.

Income
Gross Annual Income (before tax)
Maximum Housing Expense %
(M1) Max Monthly Payment Based on Income
Monthly Debts

Show More (+)

Current Monthly Debts
Maximum Debt-to-Income Ratio
(M2) Max Monthly Payment Based on DTI
Maximum Monthly Payment (lower of M1,M2)
Monthly Housing Expenses
Property Tax (Monthly)
Home Owners Insurance (Monthly)
PMI (private mortgage insurance)
HOA Fees
Other (Utilities, Repairs, etc.)
(M3) Max PI Payment Based on Expenses hac-dollar
Available Funds
Available Funds
Fixed Closing Costs
Variable Closing Costs (based on price)
Minimum Down Payment
Maximum Home Price Based on Funds
(M4) Max PI Payment Based on Funds
Maximum PI Payment (lower of M3,M4)
Financing
Term of Mortgage (years)
Annual Interest Rate
Loan Amount Based on Max PI Payment
Down Payment Based on Available Funds
Total Estimated Closing Costs
Maximum Home Price
Depreciation
% of Home Price Depreciable
Years to Depreciate
Annual Depreciation (straight-line)

You Can Afford A House Up To
$372,080

$2,167
/ Month
PI Payment-
Property Tax-
Insurance-
PMI-
HOA-
Other-

Loan Amount
$372,080

Down Payment
$372,080

Est. Closing Costs
$372,080

Buying or Selling?

We Make It Happen

Ready to find your perfect home or make your next big investment? Contact Saige Real Estate today to start your journey with trusted local experts who put your needs first. Let’s make your real estate goals a reality!

Contact Saige