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Debt Scenario

Mortgage Affordability with Car Payment

See how a $600 car payment affects your home buying power.

Your Finances

$
$
$

Max Home Price

$246,383

Based on a monthly budget of $1,950

Using the 28/36 Rule. Your debts reduce your buying power by roughly $60,000.

Max Rent Budget

$2,125/mo

Based on 30% of gross income rule.

Car Affordability

$36,975

Using the 20/4/10 rule (Conservative).

Debt-to-Income Health

36.0% Ratio
Healthy (<36%)Stretch (<43%)High Risk (>43%)

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Financial Analysis

A $600 car payment reduces your mortgage qualification amount by approx. $75,000. Use this tool to see if you should pay off the car before buying.

Compare Other Income Levels

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Common Questions

How much house can I afford with $85,000 income?

With a 85,000 annual income, lenders typically qualify you for a home price between $297,500 and $382,500, assuming you have low existing debt.

What is the 28/36 rule?

The 28/36 rule states that you should spend no more than 28% of your gross monthly income on housing costs (mortgage, tax, insurance) and no more than 36% on total debt (including cars and student loans).

Does this calculator include property taxes?

Yes, our affordability engine automatically estimates property taxes and insurance to give you a realistic 'PITI' budget, not just a raw loan amount.