{"id":5520,"date":"2023-02-27T20:32:40","date_gmt":"2023-02-27T20:32:40","guid":{"rendered":"https:\/\/griffinfunding.com\/?p=5520"},"modified":"2026-05-29T20:12:47","modified_gmt":"2026-05-29T20:12:47","slug":"home-affordability-calculator","status":"publish","type":"post","link":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/","title":{"rendered":"Home Affordability Calculator"},"content":{"rendered":"<style>\n@media only screen and (max-width: 767px) { .dscr_calculator_iframe { height: 2700px !important; }}<\/style>\n\t\n\t<div id=\"haff-calculator\" class=\"haff-calculator\">\n\n\t\t<!-- Header -->\n    \t<div class=\"haff-header\">\n      \t\t<div class=\"haff-header-icon\">\n\t\t\t\t<svg width=\"69\" height=\"82\" viewBox=\"0 0 69 82\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t<path d=\"M34.5008 6.05185L64.0584 32.2787V76.8654H4.94163V32.2787L34.5008 6.05185ZM34.4992 0C34.1088 0 33.7184 0.138367 33.4054 0.415098L0.553463 29.5641C0.20096 29.8771 0 30.3251 0 30.7962V80.1582C0 81.0675 0.73795 81.8054 1.64721 81.8054H67.3528C68.262 81.8054 69 81.0675 69 80.1582V30.7962C69 30.3251 68.799 29.8771 68.4465 29.5641L35.5946 0.415098C35.2832 0.138367 34.8896 0 34.4992 0Z\" fill=\"white\"\/>\n\t\t\t\t\t<path d=\"M36.8021 32.3891V36.1414C37.8794 36.2156 40.1476 36.5878 42.4488 38.5184L39.9598 42.4914C38.8463 41.4883 37.4709 40.747 35.9126 40.747C34.8716 40.747 34.0529 41.0073 33.572 41.452C33.1634 41.8243 32.8274 42.3811 32.8274 43.012C32.8274 43.6428 33.0877 44.0892 33.5357 44.4599C34.1287 44.9804 35.0199 45.2406 36.0214 45.6854L38.1018 46.5782C39.3652 47.1349 40.627 47.7296 41.5955 48.6948C42.821 49.9582 43.3399 51.4803 43.3399 53.2626C43.3399 55.6032 42.4834 57.5338 41.2957 58.7972C40.2184 59.9486 38.6585 60.8018 36.8021 61.1V65.3333H33.4599V61.2482C31.9758 61.1741 30.5625 60.8397 29.0026 60.0227C27.7408 59.3523 26.6257 58.5369 25.6604 57.4959L28.4096 53.4108C28.7061 53.7089 29.5989 54.6001 30.8228 55.343C31.788 55.9376 32.8636 56.3461 34.277 56.3461C35.094 56.3461 36.0214 56.1979 36.7659 55.5653C37.2502 55.1568 37.6587 54.5622 37.6587 53.6711C37.6587 52.7799 37.2502 52.149 36.5435 51.6664C35.9505 51.2579 35.318 51.0718 33.9821 50.5512L32.6825 50.0307C31.3828 49.5102 30.0453 48.8793 28.9318 47.7658C27.7804 46.5765 27.2598 45.351 27.2598 43.6807C27.2598 41.4899 28.0769 39.4836 29.3765 38.184C30.3813 37.1808 31.8654 36.4017 33.4616 36.1414V32.3891H36.8021Z\" fill=\"white\"\/>\n\t\t\t\t<\/svg>\n      \t\t<\/div>\n      \t\t<span class=\"haff-header-title\">Home Affordability Calculator<\/span>\n    \t<\/div>\n\n\t\t<!-- Main Content -->\n    \t<div class=\"haff-content\">\n\n\t\t\t<!-- Inputs -->\n\t\t\t<div class=\"haff-form haff-container\">\n        \t\t<div class=\"haff-form-section\">\n          \t\t\t<span class=\"haff-section-title\">Borrower Info<\/span>\n          \t\t\t<div class=\"haff-input-group\">\n            \t\t\t<label for=\"haff-income\">Annual Income<\/label>\n\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t<input type=\"tel\" id=\"haff-income\" name=\"haff-income\" min=\"10000\" max=\"500000\" placeholder=\" \">\n\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n          \t\t\t<div class=\"haff-input-group\">\n            \t\t\t<label for=\"haff-debts\">Monthly Debts<\/label>\n\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t<input type=\"tel\" name=\"haff-debts\" id=\"haff-debts\" min=\"0\" max=\"10000\" placeholder=\" \">\n\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n\t\t\t\t\t<div class=\"haff-input-group\" style=\"display:none\"><!-- hidden -->\n            \t\t\t<label for=\"haff-bah\">Basic Allowance for Housing (BAH)<\/label>\n\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t<input type=\"tel\" name=\"haff-bah\" id=\"haff-bah\" min=\"0\" max=\"7632\" placeholder=\" \">\n\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n        \t\t<\/div>\n\n\t\t\t\t<div class=\"haff-form-section\">\n          \t\t\t<span class=\"haff-section-title\">Mortgage Info<\/span>\n          \t\t\t<div class=\"haff-input-group\">\n            \t\t\t<label for=\"haff-down-payment\">Down Payment<\/label>\n\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t<input type=\"tel\" name=\"haff-down-payment\" id=\"haff-down-payment\" min=\"0\" max=\"500000\" placeholder=\" \">\n\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n          \t\t\t<div class=\"haff-input-group\">\n            \t\t\t<label for=\"haff-interest-rate\">Interest Rate<\/label>\n\t\t\t\t\t\t<div class=\"haff-input-wrap haff-right-placeholder\">\n            \t\t\t\t<input type=\"tel\" name=\"haff-interest-rate\" id=\"haff-interest-rate\" min=\"0\" max=\"10\" placeholder=\" \">\n\t\t\t\t\t\t\t<span>%<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n          \t\t\t<div class=\"haff-input-group\">\n            \t\t\t<label for=\"haff-loan-term\">Loan Term<\/label>\n\t\t\t\t\t\t<div class=\"haff-select-wrap\">\n            \t\t\t\t<select name=\"haff-loan-term\" id=\"haff-loan-term\">\n              \t\t\t\t\t<option value=\"15\">15 Years<\/option>\n              \t\t\t\t\t<option value=\"30\" selected>30 Years<\/option>\n            \t\t\t\t<\/select>\n\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t<svg width=\"26\" height=\"13\" viewBox=\"0 0 26 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t\t<path d=\"M13.1087 12.6746C13.3756 12.6515 13.6283 12.5442 13.8301 12.3682L25.5325 2.24721C25.7988 2.03078 25.9658 1.71573 25.9953 1.37399C26.0247 1.03225 25.9144 0.69314 25.6891 0.43458C25.4639 0.175795 25.1433 0.0195922 24.8007 0.00172229C24.4581 -0.0161476 24.123 0.105632 23.8721 0.339493L13 9.73924L2.12785 0.339493C1.87701 0.105637 1.54188 -0.0161476 1.19928 0.00172229C0.856685 0.0195922 0.536111 0.175789 0.310874 0.43458C0.0856202 0.693145 -0.0246882 1.03224 0.00465247 1.37399C0.0342157 1.71573 0.201227 2.03078 0.467513 2.24721L12.1699 12.3682C12.4285 12.5934 12.7673 12.704 13.1089 12.6746H13.1087Z\" fill=\"black\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/div>\n          \t\t\t<\/div>\n        \t\t<\/div>\n\n\t\t\t\t<div class=\"haff-form-section haff-form-toggle-section\">\n\t\t\t\t\t<div class=\"haff-toggle-action-wrap\">\n\t\t\t\t\t\t<a class=\"haff-toggle-action\">\n    \t\t\t\t\t\t<div class=\"haff-action-title haff-action-title--show\">\n\t\t\t\t\t\t\t\t<div class=\"haff-action-title-content-wrap\">\n        \t\t\t\t\t\t\tShow Advanced Info        \t\t\t\t\t\t\t<svg width=\"20\" height=\"20\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"currentColor\" focusable=\"false\">\n            \t\t\t\t\t\t\t<path d=\"M3 6l5 5 5-5\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path>\n\t        \t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t\t<\/div>\n    \t\t\t\t\t\t<\/div>\n    \t\t\t\t\t\t<div class=\"haff-action-title haff-action-title--hide\">\n\t\t\t\t\t\t\t\t<div class=\"haff-action-title-content-wrap\">\n    \t    \t\t\t\t\t\tHide Advanced Info        \t\t\t\t\t\t\t<svg width=\"20\" height=\"20\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"currentColor\" focusable=\"false\">\n\t        \t    \t\t\t\t\t<path d=\"M3 10l5-5 5 5\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path>\n\t\t        \t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t\t<\/div>\n    \t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"haff-input-toggle-content\">\n          \t\t\t\t<span class=\"haff-section-title\">Advanced Info<\/span>\n\t\t\t\t\t\t<div class=\"haff-input-group\">\n            \t\t\t\t<label for=\"haff-property-tax\">Property tax<\/label>\n\t\t\t\t\t\t\t<div class=\"haff-input-wrap haff-right-placeholder\">\n            \t\t\t\t\t<input type=\"tel\" name=\"haff-property-tax\" id=\"haff-property-tax\" min=\"0\" max=\"100\" placeholder=\" \">\n\t\t\t\t\t\t\t\t<span>%<\/span>\n\t\t\t\t\t\t\t<\/div>\n          \t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"haff-input-group\">\n            \t\t\t\t<label for=\"haff-homeowners-ins\">Homeowners insurance<\/label>\n\t\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t\t<input type=\"tel\" name=\"haff-homeowners-ins\" id=\"haff-homeowners-ins\" min=\"0\" max=\"500000\" placeholder=\" \">\n\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t<\/div>\n          \t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"haff-input-group\">\n            \t\t\t\t<label for=\"haff-hoa\">HOA dues<\/label>\n\t\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n            \t\t\t\t\t<input type=\"tel\" name=\"haff-hoa\" id=\"haff-hoa\" min=\"0\" max=\"500000\" placeholder=\" \">\n\t\t\t\t\t\t\t\t<span>$<\/span>\n\t\t\t\t\t\t\t<\/div>\n          \t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"haff-input-group haff-input-group__radio\">\n\t\t\t\t\t\t\t<label for=\"haff-is-pmi\">Private mortgage insurance<\/label>\n\t\t\t\t\t\t\t<div class=\"haff-input-wrap\">\n\t\t\t\t\t\t\t\t<label><input type=\"checkbox\" name=\"haff-is-pmi\" id=\"haff-is-pmi\" value=\"isPmi\">Include PMI<\/label>\n\t\t\t\t\t\t\t<\/div>\n          \t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n        \t\t<\/div>\n\n        \t\t<div class=\"haff-form-section\" style=\"display:none;\"><!-- hidden -->\n          \t\t\t<span class=\"haff-section-title\">Additional Details<\/span>\n          \t\t\t<div class=\"haff-checkbox-group\">\n\t\t\t\t\t\t<!-- -->\n            \t\t\t<label><input type=\"checkbox\" name=\"haff-specific\" value=\"va_status_previous\"> I have previously used a VA loan<\/label>\n            \t\t\t<label><input type=\"checkbox\" name=\"haff-specific\" value=\"disabled\"> I receive VA disability compensation<\/label>\n            \t\t\t<label><input type=\"checkbox\" name=\"haff-specific\" value=\"spouse\"> I am a surviving spouse<\/label>\n          \t\t\t<\/div>\n        \t\t<\/div>\n\n        \t\t<div class=\"haff-button-group\">\n\t\t\t\t\t<div class=\"haff-buttons-wrap\">\n          \t\t\t\t<button type=\"button\" class=\"haff-btn haff-calculate\">Calculate<\/button>\n          \t\t\t\t<a href=\"\" class=\"haff-btn haff-reset\">Reset Calculator<\/a>\n\t\t\t\t\t<\/div>\n        \t\t<\/div>\n      \t\t<\/div>\n\n\t\t\t<!-- Results -->\n      \t\t<div class=\"haff-results haff-container\">\n        \t\t<span class=\"haff-section-title\">Your Results<\/span>\n\n\t\t\t\t<div class=\"haff-result-section haff-summary-wrap\">\n\t\t\t\t\t<div class=\"haff-result-summary\">\n\t\t\t\t\t\t<div class=\"haff-summary-title\">A home price up to<\/div>\n\t\t\t\t\t\t<div class=\"haff-summary-value\">$XXX,XXX<\/div>\n\t\t\t\t\t\t<div class=\"haff-summary-title\">\n\t\t\t\t\t\t\tis <span class=\"haff-status\"><span class=\"green\"> affordable <\/span><\/span> with this budget\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n        \t\t<\/div>\n\n\t\t\t\t<div class=\"haff-result-section haff-result-debt-ratio\">\n\t\t\t\t\t<label for=\"haff-loan-term\">Debt to Income Ratio:<\/label>\n\t\t\t\t\t<div class=\"haff-input-wrap haff-right-placeholder\">\n\t\t\t\t\t\t<input type=\"tel\" name=\"haff-income-ratio\" id=\"haff-income-ratio\" min=\"30\" max=\"58\" placeholder=\" \">\n\t\t\t\t\t\t<span>%<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<!-- Slider -->\n\t\t\t\t<div class=\"haff-result-section haff-result-slider\">\n\t\t\t\t\t<div class=\"haff-slider-container\">\n\t\t\t\t\t\t<div class=\"haff-slider-label left\">LOW END<\/div>\n\t\t\t\t\t\t<div class=\"haff-slider-label right\">HIGH END<\/div>\n\t\t\t\t\t\t<div class=\"haff-slider-track\"><\/div>\n\t\t\t\t\t\t<div class=\"haff-slider-thumb\" tabindex=\"0\" role=\"slider\" aria-valuemin=\"30\" aria-valuemax=\"58\" aria-valuenow=\"44\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\"haff-result-section haff-result-details\">\n\t\t\t\t\t<div class=\"haff-details-row\">\n\t\t\t\t\t\t<span class=\"haff-details-title\">Borrower's monthly income:<\/span>\n\t\t\t\t\t\t<span class=\"haff-details-value haff-details__income\">$XXX,XXX<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"haff-details-row\">\n\t\t\t\t\t\t<span class=\"haff-details-title\">Projected monthly mortgage payment:<\/span>\n\t\t\t\t\t\t<span class=\"haff-details-value haff-details__mortgage-payment\">$X,XXX<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"haff-details-row\">\n\t\t\t\t\t\t<span class=\"haff-details-title\">Monthly debt payments:<\/span>\n\t\t\t\t\t\t<span class=\"haff-details-value haff-details__debt-payment\">$XXX,XXX<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"haff-details-row\">\n\t\t\t\t\t\t<span class=\"haff-details-title\">Remaining gross monthly income:<\/span>\n\t\t\t\t\t\t<span class=\"haff-details-value haff-details__remaining\">$X,XXX<\/span>\n\t\t\t\t\t<\/div>\n        \t\t<\/div>\n      \t\t<\/div>\n\n    \t<\/div>\n\n\t<\/div>  \n<h2><span style=\"font-weight: 400;\">How to Use the Home Affordability Calculator<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Determining how much you can afford to borrow when securing a home loan can help you start the search for your dream home before applying for a loan. We can help you determine how much home you can afford based on your current financial situation. Follow these steps to assess your home affordability:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enter Your Borrower Information<\/b><span style=\"font-weight: 400;\">: Start by filling in your financial details, including your annual income, estimated monthly debts (like car payments or credit cards), your planned down payment, and your desired debt-to-income (DTI) ratio. These numbers help determine what monthly mortgage payment you can reasonably afford.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Input Loan Details<\/b><span style=\"font-weight: 400;\">: Next, provide the loan-specific information, such as the interest rate you expect and the loan term (typically 15 or 30 years). These details help the mortgage affordability calculator estimate your monthly payments and overall affordability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>View Your Estimated Home Affordability<\/b>: Once all the fields are filled out, the house affordability calculator will generate an estimated home price you may be able to afford. Use this estimate as a starting point for your home search or to fine-tune your budget with a lender.<\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">Factors That Impact Home Affordability<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Several financial factors determine your home affordability. For example, prospective borrowers may have high incomes, but high debt amounts can affect their eligibility. The factors that impact home affordability the most include the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Income: <\/b><span style=\"font-weight: 400;\">Income is a significant metric used to determine whether you can afford a home and how much you can borrow.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Debt: <\/b><span style=\"font-weight: 400;\">Your debts affect how much you can afford to borrow because they impact how much of your income you can use to pay back your mortgage. The higher your debts, the less money you have left to repay your loan.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Down payment: <\/b><span style=\"font-weight: 400;\">A higher down payment is associated with better loan terms and interest rates. Additionally, a 20% down payment can help you keep your monthly payments as low as possible because your lender won&#8217;t require private mortgage insurance. Many loans offer low or no down payment options, including the FHA loan, which allows you to secure a home loan for a primary residence with just 3.5% down. You may also qualify for a <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/how-to-apply-and-qualify-for-the-first-time-home-buyer-grant\/\"><span style=\"font-weight: 400;\">first-time home buyer grant<\/span><\/a><span style=\"font-weight: 400;\"> to help cover your down payment and other costs.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mortgage rates:<\/b> <a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/how-does-mortgage-interest-work\/\"><span style=\"font-weight: 400;\">Mortgage rates<\/span><\/a><span style=\"font-weight: 400;\"> change daily, and even a small shift can impact your home affordability. Higher interest rates result in higher monthly payments, which means you\u2019ll have less purchasing power.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Housing expenses: <\/b><span style=\"font-weight: 400;\">Homeowner&#8217;s insurance, HOA fees, PMI, and property taxes can affect your ability to repay a loan. The higher your monthly housing expenses, the less purchasing power you have.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loan type: <\/b><span style=\"font-weight: 400;\">There are many different <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/types-of-home-loans\/\"><span style=\"font-weight: 400;\">home loan types<\/span><\/a><span style=\"font-weight: 400;\">, and they often have different interest rates. For example, some <\/span><a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/\"><span style=\"font-weight: 400;\">non-QM loans<\/span><\/a> <span style=\"font-weight: 400;\">may have higher interest rates than conventional mortgages, increasing how much the loan will cost you monthly and in the long term.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">PITI vs PI<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In general, loans are repaid in two parts:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Principal: The money borrowed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest: The interest owed to the lender.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You\u2019ll hear this referred to as PI. However, mortgage loans require other expenses, namely, homeowner\u2019s insurance and property taxes. When these four costs are bundled into a single monthly payment, this is referred to as PITI (Principal, Interest, Taxes, Insurance).<br \/>\n<\/span><br \/>\n<span style=\"font-weight: 400;\">To properly determine how much house you can afford, you must consider PITI, as budgeting for all four expenses will give you a more accurate estimate. This calculator takes these additional expenses into account.<\/span><br \/>\n<div class=\"cta_banner gold_cta\" style=\"background:url(https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/gold-background-1.png)\"><h3>Download the Griffin Gold app today!<\/h3><p>Take charge of your financial wellness and achieve your homeownership goals <br><br>\r\nUse invitation code: <b>GRIFGOLD<\/b> to register.<\/p><div class=\"stores\"><a href=\"https:\/\/apps.apple.com\/us\/app\/griffin-gold\/id6460034387\"><img decoding=\"async\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/apple-icon.svg\" \/><\/a><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.griffinfunding.gold\"><img decoding=\"async\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2024\/02\/google-store.svg\" \/><\/a><\/div><\/div>\n<h2><span style=\"font-weight: 400;\">The 28\/36% Rule<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Your debt-to-income ratio is an important indicator of whether you can afford to pay back a loan by comparing how much you earn to your monthly debts. DTI requirements vary by lender, but generally, they want to see a DTI of 43% or lower. The ideal DTI is 36%, with 28% of the debt going toward the mortgage payment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, lenders want to see 28% of your income spent on housing expenses and no more than 36% on total debts, including mortgage, credit card, and loan payments. This rule is often used to determine eligibility for a loan and can help borrowers determine if they can afford one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-QM loans allow up to a 50% DTI ratio, providing borrowers with more flexibility when it comes to qualifying for a mortgage.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How to Improve Home Affordability<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Calculating your home affordability doesn&#8217;t just tell you whether you can afford a loan; it can help you determine how much you may be eligible to borrow based on several financial factors. Follow these tips to improve home affordability if you want to increase your chances of getting approved for a loan or increase the loan amount.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Provide a larger down payment: <\/b><span style=\"font-weight: 400;\">A larger <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/average-down-payment-on-a-house\/\"><span style=\"font-weight: 400;\">down payment<\/span><\/a><span style=\"font-weight: 400;\"> can help you get approved for a higher loan amount. Putting down at least 20% removes private mortgage insurance from your monthly payments, so lenders may increase loan amounts without insurance. In addition, a larger down payment may reduce your interest rate because it lowers the lender\u2019s risk.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improve <\/b><b>credit s<\/b><b>core: <\/b><span style=\"font-weight: 400;\">A higher <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-credit-score-is-needed-to-buy-a-house\/\"><span style=\"font-weight: 400;\">credit score<\/span><\/a><span style=\"font-weight: 400;\"> can help you get better mortgage terms by reducing your interest rate and increasing home affordability. In addition, borrowers with higher credit scores carry less risk for the lender, so they may be willing to increase your loan amount.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improve your debt-to-income ratio:<\/b><span style=\"font-weight: 400;\"> If you have a high DTI, you&#8217;ll have a lower loan amount. Luckily, the opposite is true; If you have a lower DTI, you can get a higher loan amount. You can reduce your DTI by paying off your debts or reducing the amounts you owe before applying for a mortgage loan.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Consider other home areas: <\/b><span style=\"font-weight: 400;\">Location is one of the primary considerations for <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/5-things-to-look-for-when-buying-a-home\/\"><span style=\"font-weight: 400;\">what to look for when buying a home<\/span><\/a><span style=\"font-weight: 400;\">. It may also affect loan amounts and your purchasing power. <\/span><span style=\"font-weight: 400;\">Real estate prices, cost of living, and <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/property-tax-by-state\/\"><span style=\"font-weight: 400;\">property taxes will vary by state<\/span><\/a><span style=\"font-weight: 400;\"> and city<\/span><span style=\"font-weight: 400;\">. However, you can expand your home search to more affordable areas to help you purchase larger homes for less money.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Consider downsizing:<\/b><span style=\"font-weight: 400;\"> Do you need all that space? Consider downsizing to a smaller, less expensive home to get the most out of your mortgage. The less money your home costs, the less you&#8217;ll need to borrow, and the more likely you&#8217;ll be able to afford a loan.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can use our home affordability calculator to measure the impact of small changes. For example, you&#8217;ll notice increasing your down payment increases the total loan amount.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying your first home? Read our <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/buyer-beware-3-tips-for-first-time-buyers\/\"><span style=\"font-weight: 400;\">tips for first-time home buyers<\/span><\/a><span style=\"font-weight: 400;\"> to help you understand the process and how to get approved for a loan.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Find a Mortgage That Works for Your Budget<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Are you ready to become a homeowner? Griffin Funding\u2019s home affordability calculator can help determine if now is the right time to purchase a home. As a nationwide mortgage lender, we offer a variety of loan programs for any type of borrower. Secure funding for your dream home \u2014 <a href=\"#popmake-6804\">get started online today<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re wondering how much mortgage you can afford, Griffin Funding\u2019s home affordability calculator can help you understand what fits within your budget, so you can shop with confidence. As a nationwide mortgage lender, we offer a wide range of loan programs tailored to your needs, from <\/span><a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/conventional-loans\/\"><span style=\"font-weight: 400;\">conventional mortgages<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/\"><span style=\"font-weight: 400;\">non-QM loans<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/investment-property-loans\/\"><span style=\"font-weight: 400;\">investment property loans<\/span><\/a><span style=\"font-weight: 400;\">. And with the <\/span><a href=\"https:\/\/gold.griffinfunding.com\/pfm\/registration\/invite?key=1c204fd9-839b-4775-aed1-9844766b60a6\"><span style=\"font-weight: 400;\">Griffin Gold app<\/span><\/a><span style=\"font-weight: 400;\">, you can track your application, upload documents, and manage the process from your phone. Start your journey to owning a home today.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Use the Home Affordability Calculator Determining how much you can afford to borrow when securing a home loan can help you start the search for your dream home before applying for a loan. We can help you determine how much home you can afford based on your current financial situation. Follow these steps<a class=\"moretag\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/\">&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":5565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-5520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Home Affordability Calculator | Griffin Funding<\/title>\n<meta name=\"description\" content=\"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Affordability Calculator\" \/>\n<meta property=\"og:description\" content=\"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/\" \/>\n<meta property=\"og:site_name\" content=\"Griffin Funding\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T20:32:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-29T20:12:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bill Lyons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/griffinfunding\" \/>\n<meta name=\"twitter:site\" content=\"@griffinfunding\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bill Lyons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/\"},\"author\":{\"name\":\"Bill Lyons\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/person\\\/83571cd7f738a7f95cae1a44ad0b7ef1\"},\"headline\":\"Home Affordability Calculator\",\"datePublished\":\"2023-02-27T20:32:40+00:00\",\"dateModified\":\"2026-05-29T20:12:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/\"},\"wordCount\":1251,\"publisher\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_641524333-scaled.jpg\",\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/\",\"name\":\"Home Affordability Calculator | Griffin Funding\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_641524333-scaled.jpg\",\"datePublished\":\"2023-02-27T20:32:40+00:00\",\"dateModified\":\"2026-05-29T20:12:47+00:00\",\"description\":\"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/\"]}],\"about\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"}},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#primaryimage\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_641524333-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_641524333-scaled.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/home-affordability-calculator\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/griffinfunding.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage\",\"item\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/category\\\/mortgage\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Home Affordability Calculator\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#website\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/\",\"name\":\"Griffin Funding\",\"description\":\"Mortgages &amp; Home Loan Lenders\",\"publisher\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/griffinfunding.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\",\"name\":\"Griffin Funding\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/griffinteamlogo-42.jpg\",\"contentUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/griffinteamlogo-42.jpg\",\"width\":500,\"height\":500,\"caption\":\"Griffin Funding\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/griffinfunding\",\"https:\\\/\\\/x.com\\\/griffinfunding\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/griffin-funding\",\"https:\\\/\\\/www.youtube.com\\\/@griffinfunding\",\"https:\\\/\\\/www.instagram.com\\\/griffin_funding\",\"https:\\\/\\\/www.bbb.org\\\/us\\\/ca\\\/san-diego\\\/profile\\\/mortgage-lenders\\\/griffin-funding-1126-172009171\",\"https:\\\/\\\/www.zillow.com\\\/lender-profile\\\/griffinfunding\\\/\",\"https:\\\/\\\/www.experience.com\\\/reviews\\\/company\\\/griffin-funding-1426\"],\"description\":\"Griffin Funding, founded in 2013, is a nationwide direct-to-consumer mortgage lender that specializes in bank statement loans for the self-employed, DSCR loans for real estate investors, VA loans for veterans and active-duty military, and home equity loans for homeowners. Griffin Funding is dedicated to delivering 5-star service, a fully-digital easy-to-use experience, and financial expertise.\",\"email\":\"info@griffinfunding.com\",\"telephone\":\"8005275910\",\"legalName\":\"Griffin Funding, Inc.\",\"foundingDate\":\"2013-09-17\",\"duns\":\"07-979-5037\",\"leiCode\":\"5493002WVA17MT4UFH84\",\"naics\":\"522292\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/person\\\/83571cd7f738a7f95cae1a44ad0b7ef1\",\"name\":\"Bill Lyons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"caption\":\"Bill Lyons\"},\"description\":\"Bill Lyons is the Founder, CEO &amp; President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 25 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business. Follow his updates on LinkedIn.\",\"sameAs\":[\"https:\\\/\\\/griffinfunding.com\\\/our-team\\\/bill-lyons\\\/\",\"https:\\\/\\\/www.facebook.com\\\/griffinfunding\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/lyons\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/griffinfunding\",\"https:\\\/\\\/www.youtube.com\\\/@Griffinfunding\"],\"url\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/author\\\/griffinfunding\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Home Affordability Calculator | Griffin Funding","description":"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/","og_locale":"en_US","og_type":"article","og_title":"Home Affordability Calculator","og_description":"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.","og_url":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/","og_site_name":"Griffin Funding","article_publisher":"https:\/\/www.facebook.com\/griffinfunding","article_author":"https:\/\/www.facebook.com\/griffinfunding","article_published_time":"2023-02-27T20:32:40+00:00","article_modified_time":"2026-05-29T20:12:47+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg","type":"image\/jpeg"}],"author":"Bill Lyons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/griffinfunding","twitter_site":"@griffinfunding","twitter_misc":{"Written by":"Bill Lyons","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#article","isPartOf":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/"},"author":{"name":"Bill Lyons","@id":"https:\/\/griffinfunding.com\/#\/schema\/person\/83571cd7f738a7f95cae1a44ad0b7ef1"},"headline":"Home Affordability Calculator","datePublished":"2023-02-27T20:32:40+00:00","dateModified":"2026-05-29T20:12:47+00:00","mainEntityOfPage":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/"},"wordCount":1251,"publisher":{"@id":"https:\/\/griffinfunding.com\/#organization"},"image":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#primaryimage"},"thumbnailUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg","articleSection":["Mortgage"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/","url":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/","name":"Home Affordability Calculator | Griffin Funding","isPartOf":{"@id":"https:\/\/griffinfunding.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#primaryimage"},"image":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#primaryimage"},"thumbnailUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg","datePublished":"2023-02-27T20:32:40+00:00","dateModified":"2026-05-29T20:12:47+00:00","description":"Estimate how much home you can afford with our easy-to-use home affordability calculator\u2014based on income, debt, down payment, and more.","breadcrumb":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/"]}],"about":{"@id":"https:\/\/griffinfunding.com\/#organization"}},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#primaryimage","url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg","contentUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2023\/02\/shutterstock_641524333-scaled.jpg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/home-affordability-calculator\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/griffinfunding.com\/"},{"@type":"ListItem","position":2,"name":"Mortgage","item":"https:\/\/griffinfunding.com\/blog\/category\/mortgage\/"},{"@type":"ListItem","position":3,"name":"Home Affordability Calculator"}]},{"@type":"WebSite","@id":"https:\/\/griffinfunding.com\/#website","url":"https:\/\/griffinfunding.com\/","name":"Griffin Funding","description":"Mortgages &amp; Home Loan Lenders","publisher":{"@id":"https:\/\/griffinfunding.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/griffinfunding.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/griffinfunding.com\/#organization","name":"Griffin Funding","url":"https:\/\/griffinfunding.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/griffinfunding.com\/#\/schema\/logo\/image\/","url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2020\/09\/griffinteamlogo-42.jpg","contentUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2020\/09\/griffinteamlogo-42.jpg","width":500,"height":500,"caption":"Griffin Funding"},"image":{"@id":"https:\/\/griffinfunding.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/griffinfunding","https:\/\/x.com\/griffinfunding","https:\/\/www.linkedin.com\/company\/griffin-funding","https:\/\/www.youtube.com\/@griffinfunding","https:\/\/www.instagram.com\/griffin_funding","https:\/\/www.bbb.org\/us\/ca\/san-diego\/profile\/mortgage-lenders\/griffin-funding-1126-172009171","https:\/\/www.zillow.com\/lender-profile\/griffinfunding\/","https:\/\/www.experience.com\/reviews\/company\/griffin-funding-1426"],"description":"Griffin Funding, founded in 2013, is a nationwide direct-to-consumer mortgage lender that specializes in bank statement loans for the self-employed, DSCR loans for real estate investors, VA loans for veterans and active-duty military, and home equity loans for homeowners. Griffin Funding is dedicated to delivering 5-star service, a fully-digital easy-to-use experience, and financial expertise.","email":"info@griffinfunding.com","telephone":"8005275910","legalName":"Griffin Funding, Inc.","foundingDate":"2013-09-17","duns":"07-979-5037","leiCode":"5493002WVA17MT4UFH84","naics":"522292","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/griffinfunding.com\/#\/schema\/person\/83571cd7f738a7f95cae1a44ad0b7ef1","name":"Bill Lyons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","caption":"Bill Lyons"},"description":"Bill Lyons is the Founder, CEO &amp; President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 25 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business. Follow his updates on LinkedIn.","sameAs":["https:\/\/griffinfunding.com\/our-team\/bill-lyons\/","https:\/\/www.facebook.com\/griffinfunding","https:\/\/www.linkedin.com\/in\/lyons\/","https:\/\/x.com\/https:\/\/x.com\/griffinfunding","https:\/\/www.youtube.com\/@Griffinfunding"],"url":"https:\/\/griffinfunding.com\/blog\/author\/griffinfunding\/"}]}},"_links":{"self":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts\/5520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/comments?post=5520"}],"version-history":[{"count":1,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts\/5520\/revisions"}],"predecessor-version":[{"id":12196,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts\/5520\/revisions\/12196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/media\/5565"}],"wp:attachment":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/media?parent=5520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/categories?post=5520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/tags?post=5520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}