THE DAD MATH
Purchasing Power
Start with a monthly budget and work back to a home price.
Home price at your budget
$340,824
Monthly housing budget$2,200
Taxes, insurance, HOA & mortgage insurance$425
Available for principal & interest$1,775
Estimated loan amount$280,824
Cash down payment$60,000
Estimated purchase price$340,824
A budget calculation, not a qualification decision. It assumes the monthly taxes, insurance, HOA, and mortgage insurance you enter remain fixed at this home price.
These tools provide educational estimates based on your inputs, not an approval, commitment to lend, or rate quote. Rates shown are illustrative inputs, not APRs. Your actual loan terms and costs require a personalized review.
Let’s put these numbers in context.
I can help you compare your options and build a plan.