Maximum loan
$261,417
The monthly housing budget is the debt-to-income ceiling minus existing debt. Property tax, insurance and HOA are subtracted from it before the loan is priced, because those are paid whether or not they amortize the loan.
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| DTI cap | Monthly housing budget | Principal & interest left | Maximum loan | Maximum price |
|---|---|---|---|---|
| 28% | $1,740.00 | $1,170.00 | $168,982 | $228,982 |
| 36% | $2,380.00 | $1,810.00 | $261,417 | $321,417 |
| 43% | $2,940.00 | $2,370.00 | $342,298 | $402,298 |
| 50% | $3,500.00 | $2,930.00 | $423,178 | $483,178 |