Tools → Real Estate

Home Affordability Calculator

Real affordability — including PMI, closing costs, cash to close, and a Home Readiness Score.

Annual household income$130,000

Monthly debt payments (excl. housing)$500

Down payment available$80,000

Home price$500,000

Interest rate (%)7%

Property tax rate (%/yr)1.2%

Monthly HOA$0

State

Credit score

I have 3–6 months emergency fund (separate from down payment)

Total monthly housing cost

$3,724

Principal + Interest: $2,794Property tax: $500PMI: $280

Front-end DTI

34.4%

⚠ Moderate

Back-end DTI

39.0%

✗ High risk

Cash to close (estimated)

$92,500

Down payment $80,000 + closing costs ~$12,500

Home Readiness Score

47/100

Getting Close

DTI Health15/25

Down Payment Strength12/20

Emergency Fund Coverage0/20

Credit Score15/20

Debt Load5/15

PMI of $280/month applies until loan balance reaches 80% of home value.

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Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →