Buyer Readiness
What Can You Afford?
Get a personalized estimate of your home buying power. This quick assessment helps you understand your budget and prepares you for conversations with lenders.
Annual Household Income
Combined gross income before taxes
$75,000 / year ($6,250 / month)
Current Monthly Debt Payments
Car loans, credit cards, student loans, etc.
$500 / month
Down Payment Amount
Money you have saved for down payment
$50,000
Loan Assumptions
Interest Rate
6.5%Current market rates: 5.5% - 7.5%
Loan Term
30 yearsCredit Score (Estimate)
Range: 300–850 (620+ for most loans)
Pre-Approval Checklist
What lenders will verify. Complete all items before applying.
Stable Employment
2+ years in current job or field
Credit Score 620+
Check your credit report for accuracy
Documented Income
Recent pay stubs, tax returns (2 years)
Manageable Debt
Debt-to-income ratio below 43%
Ready Documentation
ID, bank statements, employment verification
Complete all items to strengthen your application
💡 About This Estimate
This is an educational estimate only, not a formal pre-approval. Actual lending decisions depend on full verification of income, employment, credit, assets, and liabilities. Interest rates vary by credit profile and market conditions.