Buyer Tools

Know your budget before you fall in love with a home.

Enter your income, monthly debts, and down payment. Get a conservative maximum, a stretch maximum, and a comfortable target — with a full monthly payment breakdown you can download as a PDF.

Your situation

Annual household income (gross)

Monthly debt payments (car, student loans, credit cards)

Down payment available

Interest rate — 7.000%

Loan term

Monthly HOA (est.)

Annual insurance (est.)

Annual property tax rate — 1.10%

Orange County averages ~1.1%

Client name (for PDF)

Comfortable target

$561,220

85% of your stretch maximum — leaves room for life.

Conservative

$600,811

28% / 36% DTI

Stretch max

$660,259

31% / 43% DTI (FHA)

Monthly payment at stretch max ($660,259)

Principal & Interest$3,395

Property Tax (est.)$605

Insurance (est.)$250

HOA$400

Total monthly$4,650

Front-end DTI

31.0%

housing / income

Back-end DTI

34.3%

total debts / income

Estimates only. PMI not included — if down payment is below 20% of purchase price, your actual monthly costs will be higher. This is not a loan pre-approval. Consult a licensed mortgage lender for exact figures.

How the math works

Two DTI limits. One honest answer.

Lenders use two debt-to-income (DTI) ratios to qualify buyers. The front-end ratio caps your total housing payment (principal, interest, taxes, insurance, HOA) at 28% of gross monthly income. The back-end ratio caps all monthly debts — including housing — at 36% to 43% depending on the loan type.

The conservative scenario uses 28/36% — standard conventional loan guidelines. The stretch scenario uses 31/43%, which FHA and some conventional programs allow with strong compensating factors like reserves or a high credit score.

The comfortable target (85% of stretch) is where most buyers feel least house-poor — room for a repair, a job change, or a rate that nudges upward on a refinance.

PMI is not included in these estimates. If your down payment is below 20% of the purchase price, budget an additional 0.5–1% of the loan amount annually for private mortgage insurance.

Not ready for the full application?

Tell Ryan roughly what you are looking at and he will reach out with options. No Social Security number, no income documents, one minute.

Price range

Down payment %

Credit score range

First name

Last name

Phone

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Ryan Solberg, MLO NMLS #1784218 · Mortgageinc NMLS #2028516. This is a request to talk, not a loan application or a commitment to lend.

Next step

Ready to turn a number into a search?

A calculator gives you the budget. A pre-approval turns it into a number sellers take seriously, and Ryan can show you which Orlando communities deliver the most home at that price. Start the application or talk it through first.

Get Pre-Approved Talk to Ryan Mortgage Calculator

Ryan Solberg · MLO NMLS #1784218 · Mortgageinc NMLS #2028516 · Licensed in Florida · Equal Housing Opportunity