What does this affordability calculator estimate?

It estimates a directional purchase-price range from available cash, down-payment assumptions, income, monthly debts, target debt-to-income ratio, interest rate, taxes, insurance, HOA or common charges, and buyer closing costs.

Is this a mortgage pre-approval?

No. This is an educational planning model, not a mortgage pre-approval or lending decision. Final affordability depends on a lender's underwriting, assets, credit, property type, building eligibility, insurance, taxes, and transaction documents.

Why do HOA or common charges matter for buying power?

Monthly building costs reduce the payment room available for principal and interest. In Manhattan and Miami condos, HOA, common charges, maintenance, assessments, insurance, and taxes can materially change the price a buyer can comfortably support.

Interactive buyer tool

Affordability Calculator

Estimate what purchase range your income, available cash, debts, and monthly carrying-cost assumptions may support in Manhattan or Miami.

Buyer profile

Gross monthly income ($)

Existing monthly debt ($) Car payments, student loans, minimum credit payments, other recurring debt.

Cash available for purchase ($)

Post-close reserve to keep ($) Liquidity you do not want to use for down payment or closing costs.

Financing assumptions

Market preset

Target max DTI (%) Directional only. Lender limits vary by borrower, asset profile, property, and loan program.

Down payment (%)

Interest rate (%)

Loan term (years)

Buyer closing costs (%)

Monthly property costs

Property tax rate (%)

Insurance ($ / month)

HOA, common charges, or maintenance ($ / month)

Other monthly reserve ($) Parking, club dues, assessments, or a custom cushion.

How this model thinks

The calculator estimates two ceilings: one from available cash after reserves and buyer closing costs, and one from monthly payment capacity after existing debts. The lower ceiling becomes the working estimate, with a range around it for property-specific taxes, insurance, HOA, common charges, and underwriting differences.

Continue the financial model

Mortgage CalculatorPressure-test monthly payment, cash to close, and payment-to-income on a specific target price. Miami Closing CostsEstimate buyer closing costs for Miami-Dade acquisitions and financed purchases. NYC Closing CostsModel mansion tax, mortgage recording tax, attorney fees, and NYC buyer-side friction.

Affordability Calculator

How this model thinks

Continue the financial model

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