How the Affordability Calculator Works

It estimates the home price you can realistically afford based on your income, monthly debts, down payment, and a target debt-to-income ratio.

How It Works, Step by Step

The tool works backward from your income. It applies a target debt-to-income ratio to find the maximum monthly payment lenders will allow, subtracts estimated taxes and insurance, and converts the remaining principal-and-interest budget into a loan amount and supported home price.

Florida has no state income tax, which leaves more take-home pay available for housing than in high-tax states — a real advantage for affordability. But higher insurance premiums and, in many communities, HOA or CDD fees eat into that margin, so build them into your estimate before you set a price ceiling.

Want the underlying math? See the affordability formula page, or open the calculator to try it with your own figures.