Free tool
How much home can I afford?
A price range from your income, debts and down payment, using common lender guidelines and real Oklahoma taxes and insurance. A starting point for a conversation with a lender.
This is not a pre-approval. It applies common debt-to-income guidelines to the numbers you enter. Only a lender can tell you what you can borrow, after reviewing your credit, income and assets.
A comfortable price range
$232,000 to $305,000
From the 28/36 guideline up to a 45% stretch. Includes Oklahoma property taxes and homeowners insurance.
| Guideline | Home price | Monthly payment | Debt-to-income |
|---|---|---|---|
| Comfortable | $232,000 | $2,094 | 28/36 |
| Typical limit | $295,000 | $2,723 | 43% |
| Stretch | $305,000 | $2,874 | 45% |
Assumes a $232,000 price, 12.93% down, 30-year fixed rate at 7.24% (APR 7.24%). Includes taxes and insurance. APR assumed equal to the rate; actual APR will be higher with lender fees. Estimate only. Not a loan offer or commitment.