How much home can you afford?
Enter your income, debts, and down payment to see your personalized home price range — based on standard lender guidelines.
Property tax estimated at Tennessee's average 0.64% effective rate.
See what you can afford
Enter your income and financial details to get your personalized affordability range.
How lenders determine what you can afford
Lenders use two ratios to evaluate your mortgage application. The front-end ratio limits your monthly housing costs (principal, interest, taxes, and insurance) to 28% of your gross monthly income. The back-end ratio limits your total monthly debt obligations — including the new mortgage — to 36–43% of gross income. The lower of these two limits determines your maximum loan. Reducing existing debts before buying is one of the most effective ways to increase your buying power.
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