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How Much House Can I Afford?

Enter your numbers to estimate the full monthly cost, including principal, interest, taxes, insurance, PMI and HOA.

Your Home & Loan

Adjust the numbers to see what fits your budget.

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For planning only — not a rate quote.

Taxes, insurance & PMI

These costs are included in the monthly payment shown.

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Annual premium
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PMI is an illustrative estimate and may differ from an actual quote.
HOA & rental property detailsOptional
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For rental and DSCR planning
Monthly finances
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Before taxes
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Car, loan and credit card minimums
Educational Debt & Student Loan Examples
Estimated Monthly Payment
$3,184/mo
Loan Amount: $427,500
Principal & Interest $2,702
Total Payment (PITI) $3,184
Estimated DTI % 44.5% Below Example
Principal & Interest $2,702
Property Taxes $450
Home Insurance $150
Private Mortgage Insurance (PMI) $196
Payoff Accelerator Simulator
+$100/mo
Pay off your home 4.2 years earlier and save $72,400 in total interest!

Educational Housing-Payment Planning Examples

Smart Loan Finder

Find Your Best Loan Options

Answer 4 quick questions to see which loan programs fit your financial situation best. (Click any step to change your answers anytime)

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What is your primary buying goal?

Buying Primary Home

Moving into a new home as your main residence

First-Time Homebuyer

Haven't owned real estate in the last 3 years

Investment or Vacation

Rental property, second home, or flip

What is your estimated credit score tier?

740+ Excellent

May support more conventional options and lower mortgage-insurance costs

680 - 739 Good

May support several conventional or government-backed options

620 - 679 Fair

May be worth discussing FHA and other flexible programs

Below 620 Rebuilding

May require a more personalized review of available programs

Do any of these special statuses apply to you?

Military / Veteran (VA)

Active duty, veteran, or qualifying military spouse

Suburban / Rural Area

Looking in USDA 100% financing eligible areas

Self-Employed / 1099

Business owner, freelancer, or bank statement loans

Standard W-2 Employee

Regular salary/hourly payroll income

Loan Programs to Learn More About

These are educational suggestions based only on your answers—not eligibility results or recommendations.

Buyer Prep

Interactive Buyer Pre-Approval Checklist

Review documents that are commonly requested during a mortgage pre-approval.

Checklist Completion: 0 of 12 items checked
Program Comparison

Mortgage Loan Types Breakdown

Compare general features of major home-loan programs. Program availability and guidelines vary by borrower, property, and lender.

Weekly National Market Benchmark Loading… Freddie Mac PMMS via FRED Checking source…

Freddie Mac's national weekly average for a 30-year fixed-rate conventional mortgage. Market information only—not a rate quote, APR, offer, or rate available from Dave Davis or Barrett Financial Group. The public series does not include the APR, points, or fees for a specific borrower. View Freddie Mac's source and methodology.

Popular

Conventional Loan

The standard choice for buyers with good to excellent credit.

  • Possible Down Payment: As low as 3% for some eligible buyers
  • Credit: Planning reference: 620+ for many manually underwritten fixed-rate conventional loans; automated underwriting and lender overlays vary
  • PMI: Cancellation may be requested around 80% LTV if conditions are met; eligible loans generally terminate automatically at 78% of original value
  • Best For: Primary homes, second homes, & investments
Read Conventional Guide
Flexible

FHA Loan

Government-backed loan offering flexible credit guidelines.

  • Possible Down Payment: As low as 3.5% for eligible borrowers
  • Credit: Planning reference: 580+ for maximum FHA financing; 500–579 may be limited to 90% LTV. Lender rules may be stricter
  • PMI Rule: Low upfront & monthly MIP
  • Best For: Buyers building credit or higher DTI ratio
Read FHA Guide
0% Down

VA Military Loan

A government-backed option for eligible service members, veterans, and certain surviving spouses.

  • Possible Down Payment: 0% for eligible borrowers
  • Credit: Planning reference: VA has no universal minimum; lenders set requirements, often around 620
  • Mortgage Insurance: No monthly PMI; a VA funding fee may apply
  • Best For: Eligible service members & veterans
Read VA Guide
Rural 0%

USDA Rural Loan

A government-backed option for eligible borrowers and properties in designated areas.

  • Possible Down Payment: 0% for eligible borrowers
  • Credit: Planning reference: 640+ is a common validated-score benchmark; lower scores may require more review
  • PMI Rule: Very low annual guarantee fee
  • Best For: Buyers purchasing in designated areas
Read USDA Guide
High Balance

Jumbo Loan

Financing for loan amounts above the applicable FHFA conforming loan limit.

  • Down Payment: Varies by lender, loan size, and borrower profile
  • Credit: Planning reference: No universal score; stronger credit, reserves, and lower debt may be expected
  • Loan Amount: Product and lender limits vary
  • Best For: Luxury homes, high-cost markets, & high-net-worth buyers
Read Jumbo Guide
10% Down

Second / Vacation Home

Financing options for eligible secondary or vacation residences.

  • Down Payment: Varies by occupancy, lender, and borrower profile
  • Credit: Planning reference: Usually follows conventional-style credit review; lender and property rules vary
  • Occupancy: Must meet second-home occupancy requirements
  • Best For: Beach houses, mountain cabins, or seasonal retreats
Read Second Home Guide
Investor

DSCR Investor Loan

Some investor programs evaluate property cash flow rather than traditional personal-income documentation.

  • Down Payment: Product and borrower requirements vary
  • Credit: Planning reference: No universal score; non-QM lenders review credit, reserves, property cash flow, and terms
  • Documentation: Requirements vary by program and lender
  • Best For: Real estate investors & portfolio buyers
Read DSCR Guide
Self-Employed

Bank Statement Loan

Some non-QM programs may use personal or business bank statements to document income.

  • Down Payment: Product and borrower requirements vary
  • Credit: Planning reference: No universal score; non-QM lenders review credit, deposits, income documentation, and reserves
  • Documentation: Statement period and expense treatment vary
  • Best For: Business owners, 1099 freelancers, & entrepreneurs
Read Bank Statement Guide
Credit-score planning note: These are general program and lender references, not minimum approval scores or eligibility decisions. Actual underwriting may use different score models and may also consider debt, reserves, income, down payment, occupancy, property, and lender overlays. Sources: HUD/FHA Handbook, VA Buyer's Guide, USDA guidance, and Fannie Mae's credit-score guide.

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