How accurate is this calculator?
This calculator estimates maximum qualifying home prices based on standard debt-to-income (DTI) guidelines for each loan type: Conventional uses ratios from the fee configuration (43%/45%/50% depending on down payment), FHA uses a 40% front-end / 50% back-end guideline, VA uses a 41% total DTI guideline, and USDA uses a 29% front-end / 41% back-end guideline. Property tax and hazard insurance rates are county-level averages. PMI, MIP, and guarantee fees are applied using current published rates. Actual qualification depends on your credit score, employment history, asset reserves, lender overlays, and full automated underwriting approval — expect real figures to vary. Use this tool for general planning purposes and consult a mortgage professional for a formal pre-approval.
Want to know how we come up with our numbers? Read how our estimates compare to verified lender quotes →