How Much House Can You Afford?
The same debt-to-income math lenders use — with an honest comfort check.
Estimated max home price
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- Max monthly housing budget
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- Est. principal & interest
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- Est. taxes & insurance
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- Max loan amount
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Estimate only — assumes ~1.1% of home value yearly for taxes and insurance. Your credit profile and loan program change the real number.
Get Pre-Approved — FreeFrequently Asked Questions
How do lenders decide how much house I can afford?
Primarily by debt-to-income ratio (DTI): your total monthly debts — including the new mortgage payment — divided by gross monthly income. Most programs allow up to 43–50% DTI, though a comfortable budget is often lower than the maximum you qualify for.
How much income do I need to buy a $500,000 home in Utah?
Roughly $110,000–$130,000 of household income with 5% down at current rates and typical debts — but credit score, down payment, and other debts move that number a lot. A free pre-approval replaces the rule of thumb with your real figure.
Should I buy at the top of my approval amount?
Usually not. Lenders approve you to a DTI ceiling that doesn’t account for your lifestyle, savings goals, or childcare costs. We help clients pick a payment that fits their life, then find the best home price and loan structure to match it.
Turn the Estimate Into a Pre-Approval
A real pre-approval takes one conversation and makes your offer credible to Utah sellers.
Prefer to talk? Call (801) 916-5425