How Much House Can I Afford?
Based on your income, debts, and available cash — three scenarios and one honest recommendation, with the debt-to-income math shown rather than hidden.
Income & Debts
$7,917/mo gross
Car payments, student loans, minimum credit card payments
Available Cash
Everything you plan to put toward the purchase
$46,154 at max cash price
$13,846 estimated
Loan Details
Estimated Ongoing Costs
Expressed as % of home value so calculations scale with price.
Varies widely by state/county
Typically 0.25–1%
Recommended Purchase Price
$392,223
Based on 43% back-end DTI with your income and debts
Monthly Payment Breakdown
At recommended price of $392,223
Cash Needed to Close
Price Range by DTI
Income-based prices assume sufficient cash for down payment & closing costs.
36% DTI back-end DTI
$317,379
43% DTI back-end DTI
$392,223
50% DTI back-end DTI
$467,066
Down Payment Breakdown
At recommended price — different down payment options
| Down % | Down Amt | Loan | Monthly P&I |
|---|---|---|---|
| 3% | $11,767 | $380,456 | $2,531.18 |
| 5% | $19,611 | $372,611 | $2,478.99 |
| 10% | $39,222 | $353,000 | $2,348.52 |
| 20% | $78,445 | $313,778 | $2,087.57 |
What these numbers don't include
- Private Mortgage Insurance (PMI) — required below 20% down on conventional loans
- Maintenance and repairs — budget 1–2% of home value per year
- Utilities, moving costs, and furnishings for a new home
- FHA mortgage insurance premium (MIP) if using an FHA loan
- Rate adjustments based on your credit score — a higher score lowers your rate
Estimates only. Actual qualifying amounts depend on credit score, loan program, lender overlays, and local tax rates. Consult a licensed loan officer.
The short answer
How much house can I afford in Portland?
Affordability is set by your debt-to-income ratio, your down payment, and the current rate — not by a rule of thumb. Most lenders cap total monthly debt around 43-50% of gross income, so your existing car and student loan payments reduce what you can borrow. This calculator runs conservative, moderate, and stretch scenarios from your actual numbers.
Run your numbers with us
A calculator gives you an estimate. A conversation gives you the number you can actually plan around — David and Bri will walk you through it down to the decimal.