CALCULATE YOUR AFFORDABLE PRICE. To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.

ASSUMPTIONS: We've assumed a 30-year mortgage term, annual property tax of $1900 and homeowners insurance of $350 -- the Nevada state average. And we do not factor in private mortgage insurance, which you'll owe if your downpayment is less than 20 percent of the purchase price. It averages from around $50 per month per every $100,000 of the loan amount. (if you would like to calculate your monthly payment with PMI - primary mortage insurance, then use our Amortization Calculator)
Plug in your own numbers for more tailor-made results.

Tip: try to pay off your debts rather then put more downpayment and enjoy the difference.

Input Your Income and Mortgage Info
Gross Annual Income: $
Down Payment Amount: $
Monthly debts:
(i.e. car payments, student loans)		 $
Interest rate: %
Years: $
Annual Property Tax: $
Annual Homeowner Insurance: $
Monthly Homeowner association fee, if any: $
Results

Conservative

Aggressive
Maximum house price: $
Loan Amount: $
Monthly Payment:
(principal and interest)
 $
Property Tax: $
Homeowner insurance: $
Homeowner association fee: $
Total Monthly Payment:
(with taxes, insurance, HOA)
 $