Worked Example: $6,000 gross income, 36% DTI cap
Inputs
- Gross Monthly Income$6,000
- Existing Debt EMI$400
- Max DTI36%
Results
- Max Total Debt Payment$2,160
- Housing Budget (approx.)~$1,760/mo
Lenders often cap back-end DTI near 36–43%. Subtract existing debts before estimating an affordable mortgage EMI.
How Mortgage Affordability Calculator Works
Uses debt-to-income ratio: max payment = (income × DTI%) − existing debts. Converts to max loan amount.
Frequently Asked Questions
What DTI do lenders use?
Most lenders cap DTI at 36-43%. Lower DTI means more borrowing capacity.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Property costs like stamp duty, taxes, and maintenance are often not included here.
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