Home > Calculators > Affordability Calculator
Freeman Douglas | Jacksonville, FL
See how much house your income, debts, down payment, and rate can support — with the full monthly payment, not just principal and interest.
Enter your figures below. Results update instantly as you type.
Maximum affordable home price
Estimated monthly payment:
| Principal and interest | |
| Property taxes | |
| Homeowners insurance | |
| HOA dues | |
| Total monthly payment |
Front-end ratio: Back-end ratio: (cap used: 43%)
Note: the 43% back-end cap is a working estimate, not a lender guarantee. Copy the result summary into the My calculator result field in the form below to send it to Douglas.
Douglas Wilkerson, Branch Manager and Mortgage Broker, Edge Home Finance Corporation | Direct (904) 517-4049 | [email protected] | NMLS #1680719
Equal Housing Opportunity. Mortgage services are provided by Douglas Wilkerson, Branch Manager and Mortgage Broker with Edge Home Finance Corporation. Loan programs, rates, eligibility, underwriting guidelines and availability are subject to change. All applications are subject to credit review, verification, property eligibility, applicable underwriting requirements and final approval. This website does not constitute a commitment to lend or a guarantee of financing.
Search results keep sending Jacksonville buyers to a VA entitlement tool when they type affordability calculator. You need a different answer: given your income and debts, what price can you actually carry each month? This tool answers that, with the full payment — principal, interest, taxes, insurance, and HOA — so the number you see is the number you would live with.
Use it before you tour homes, before you make an offer, and any time your income, debts, or rate picture changes. It is especially useful if you are deciding between price points, weighing a larger down payment, or checking whether a VA purchase with $0 down still fits — see the VA Zero-Down Buying Power Calculator for the VA-specific view.
Two ratios drive the result. The front-end ratio is your total housing payment divided by your gross monthly income. The back-end ratio adds your other monthly debts to the housing payment and divides by gross income. Lenders typically cap the back-end ratio, and this calculator uses 43% as its default working cap — clearly labeled an estimate, with the ratio shown so the math is transparent. A lower back-end ratio means more breathing room; a result at exactly 43% means you are at the edge of that working cap. Your actual qualification depends on your lender's guidelines, your credit, and your loan program — see Mortgage Programs and current Mortgage Rates.
Assumptions: standard amortization; the 43% back-end cap is an estimate; tax, insurance, and HOA figures are your estimates and are held flat in the math. Private mortgage insurance, closing costs, rate adjustments, and the VA funding fee are not included. Figures reflect estimates as of October 2026.
Want Douglas to review your numbers? Send your result through the form below and he will walk through it with you.
It depends on your income, your monthly debts, your down payment, and the rate you qualify for. As a working example, the calculator defaults — $85,000 of household income, $450 in monthly debts, $25,000 down, and a 6.75% 30-year rate with $300 taxes, $225 insurance, and $50 HOA — return about $336,569 with a $2,595.83 monthly payment. Change any figure and the answer moves with it.
Lenders commonly look for a back-end ratio at or under 43%, though programs vary and some allow more with compensating factors. This calculator uses 43% as a working cap and shows both ratios, so you can see exactly where you stand. A lower ratio usually means more room, better pricing, and less strain month to month.
Yes. The monthly payment shown is principal and interest plus your tax, insurance, and HOA estimates. What it does not include: private mortgage insurance, closing costs, rate adjustments, and the VA funding fee, where applicable. Those can move the real payment, so treat the result as a planning figure, not a quote.
Set the down payment field to 0 and run the numbers. The price the calculator returns is what your income and debts support at that rate; a VA purchase still needs entitlement and underwriting. For the VA-specific view, see the VA Zero-Down Buying Power Calculator.
No. This is an estimate built from the figures you enter. A pre-approval reviews your credit, income documents, and debts, and it is the number sellers take seriously. Use this tool to set your price range, then ask Douglas to review the numbers before you tour or offer.
Send your results through the form above, or start an application and talk through your options with Douglas directly.
Equal Housing Opportunity. Mortgage services are provided by Douglas Wilkerson, Branch Manager and Mortgage Broker with Edge Home Finance Corporation. Loan programs, rates, eligibility, underwriting guidelines and availability are subject to change. All applications are subject to credit review, verification, property eligibility, applicable underwriting requirements and final approval. This website does not constitute a commitment to lend or a guarantee of financing.