NYS Real Estate Agent to Buy, Sell or Rent Your Home

Home Buying Readiness Calculator

Companion to the Buy vs Rent Calculator

Home Buying Readiness Calculator

Three questions in one place: can you qualify for the mortgage, how much house that means, and how paying down debt changes both. Enter your income and debts once — everything updates live.

Enter your numbers to see where you stand.

Income & the home you want

$
Before taxes — lenders use gross income.
$
%
$
The specific price to test. Max prices you'd qualify for appear on the right.
%
$
$

Your monthly debts

DebtBalanceAPR%Min /mo
$
Beyond the minimums — this is your payoff accelerator.

Can you qualify?

How much house could you qualify for?

Your debt-free plan

The bridge: clearing debt → buying power

How the ratios work. Lenders weigh two debt-to-income ratios: the front-end (housing payment ÷ gross income) and the back-end (housing + all other debt ÷ gross income). Common guidelines: conventional loans favor 28% / 36% and stretch to ~45% back-end with automated approval; FHA allows roughly 31% / 43%, sometimes higher with strong compensating factors. Housing payment here is principal, interest, property tax, insurance, HOA, and PMI when the down payment is under 20%. Debt payoff assumes fixed minimums and constant total budget. These are estimates to plan with, not a loan decision or financial advice — a lender's automated underwriting, your credit score, and reserves all matter.