I just discovered I can afford a home! 🏠 Check out the Future Millionaire Playbook calculator to find your dream home budget.

🏠 Home Affordability Calculator v6.0.0

Designed for: Young professionals (22-29 years old) building wealth and planning their first home purchase

How It Works

This calculator uses industry-standard lending practices to determine your home buying power. It analyzes your income, existing debts, and down payment strategy to calculate the maximum home price you can afford while maintaining financial stability.

Key Assumptions

• Maximum 43% debt-to-income ratio (standard for most lenders)
• 30-year fixed-rate mortgage
• Property insurance estimated at $100/month
• PMI at 0.75% annually for down payments under 20%
• Current market interest rates and property tax rates

Important Limitations

• Results are educational estimates only
• Actual approval depends on credit score and lender requirements
• Does not include closing costs or maintenance expenses
• Market conditions and rates change frequently

© 2025 Future Millionaire Playbook by Raymond Sura
All rights reserved.

Disclaimer: This tool provides estimates for educational purposes only. Consult a qualified financial advisor for personalized advice.

Why Mathematical Precision Matters

Your income is the foundation of your home buying power. This calculator uses precise industry formulas to determine exactly how much house you can afford based on proven lending standards.

What We Calculate:

• Maximum monthly payment using 43% debt-to-income ratio
• Principal and interest calculations with compound precision
• Property tax and insurance projections
• PMI calculations when applicable
• Total home price your income can support

Your Advantage: Mathematical Accuracy

• Avoid homes outside your actual budget
• Understand exact payment breakdowns
• Plan with confidence using proven formulas
• Compare scenarios with precision

Why Debt Analysis Creates Your Timeline

Your existing monthly debt payments directly reduce your home buying power. Understanding this relationship helps you project exactly when you'll be ready to buy and at what price point.

What We Project:

• How each $100 in debt reduces your buying power by ~$15,000
• Timeline scenarios if you pay down debt first
• Debt-to-income ratios for different home prices
• Monthly payment projections with current debt load

Power Moves to Accelerate:

• Target high-interest debt for maximum impact
• See exactly how debt payoff increases buying power
• Calculate optimal timing for home purchase
• Project scenarios with different debt loads

Why Down Payment Strategy Defines Your Wealth Timeline

Your down payment percentage dramatically affects your monthly costs, total interest paid, and wealth accumulation speed. Get a comprehensive analysis you can print and reference.

Professional Analysis Includes:

• Side-by-side comparison of 3%, 5%, 10%, and 20% down strategies
• Total PMI costs over loan lifetime
• Monthly payment differences and budget impact
• Long-term wealth implications of each approach

Your Comprehensive Report:

• Executive summary with key recommendations
• Complete financial profile and analysis
• Detailed methodology and assumptions
• Actionable next steps and timeline
• Professional formatting for sharing with advisors