Affordability Calculator
Find out how much home you can comfortably afford based on your income, debts, and down payment.
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Your Financial Details
Before taxes (combined if buying with partner)
Maine Income Reference
Median Household Income
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Average Hourly Wage
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HUD Income Limits (4-person household)
Low Income (80% AMI)
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Very Low (50% AMI)
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Extremely Low (30% AMI)
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Car loans, student loans, credit cards, etc.
Affects maximum debt-to-income ratio lenders will accept
What You Can Afford
Maximum Home Price
$400,000
Based on 43% debt-to-income ratio
Comfortable
$340,000
Stretch Budget
$400,000
Estimated Monthly Payment
Principal & Interest
$2,024
Property Tax
$500
Home Insurance
$125
Total Monthly
$2,649
Assumptions
Property tax estimated at 1.5% of home value annually (Maine average). Home insurance estimated at 0.35% annually. PMI estimated at 0.5% for loans with less than 20% down. Your actual rates may vary based on location and lender.