Mortgage Affordability Calculator
Estimate max home price and loan from income, DTI limits, down payment, and property tax, insurance, and HOA — with a stress-rate check.
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Income & debts
Mortgage capacity (PITI-style)
Uses front-end and back-end DTI caps on gross monthly income. Advanced mode layers property tax, insurance, and HOA into the housing payment.
Advanced mode
Add T&I and HOA escrows, and override default 28/36 DTI caps if your lender allows different limits.
Results
Affordable range (illustrative)
Max home price (approx.)
LKR 431,700.31
Assumes 15% down
Max loan
LKR 366,945.26
Max PITI budget
LKR 2,380.00
Max P&I slice
LKR 2,380.00
After escrows in advanced mode
Stress back-end DTI
37.7%
If the max loan used a 8.25% APR
Not a lending decision — taxes, PMI, HOA special assessments, and lender overlays are not modeled completely.
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Perspective
Affordable housing is a cash-flow problem
Lenders use DTI; you should also stress-test at higher rates and include taxes and insurance.
A larger down payment reduces payment and may improve approval odds — but don’t zero out your emergency fund.
FAQ
Common questions
What is PITI?
Principal, Interest, Taxes, and Insurance — the core recurring housing costs. HOA adds another line item where applicable.
Is this pre-approval?
No. This is an educational estimate. Lenders use their own rules, credit scores, and documentation.
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