Private reviewNot indexed. Not live. Prepared for Todd Evans by Ryan Nichols, The LeadFlow Pro.15 items need confirming
Texas TwistedRealty(903) 445-1497

TOOLS / AFFORDABILITY

What you can carry

Works backward from income and existing debt to a price range, using published underwriting guidance.

Cites the actual Fannie Mae and VA guidance rather than inventing a rule of thumb.

Your situation

Before tax, all borrowers combined.
Cars, student loans, credit card minimums, anything with a monthly payment.

Assumptions

These come from the published Fannie Mae Selling Guide, not a rule of thumb.

Price range this supports

$279,000

With $27,943 down, at a total housing payment of about $2,225 a month.

What that payment is made of

Principal and interest$1,618
Property taxesHomestead exemption applied, primary residence assumed$333
Homeowners insuranceTexas average, 2024. East Texas usually runs lower.$274
Total housing payment$2,225
Front-end ratioHousing alone as a share of gross income34.2%
Back-end ratioHousing plus your existing debt45%

What changes it fastest

Paying off $200 a month of debtabout $25,117 more house
Rate up one pointAt current levels, each point of rate moves buying power about 10%roughly 10% less house
No mortgage insurance is included in this estimate, so if you are putting less than 20% down your real payment will be higher and your range lower. Run the mortgage payment tool with your actual down payment for a truer number.
This is arithmetic against published guidance. It is not a pre-approval, and no lender has looked at your file. Every lender adds its own overlays on top of these guidelines.

Source: Fannie Mae Selling Guide B3-6-02

FHA and Freddie Mac limits are deliberately not shown here. We could not verify them from a primary source, and putting an unverified underwriting limit in front of you would be worse than leaving it out.

This is a planning estimate, not an offer, an appraisal, a quote, or a commitment. Everything runs in your browser: no figure you type here is sent anywhere or stored. No loan approval or pre-qualification is offered or implied.