Monthly Payment
Cash to Close
Loan Amount
Debt-to-Income
Qualification Status
0%36% ideal43% max55%
Property & Loan
Purchase Price
$300K$1.5M
Down Payment
$0$1.2M
Interest Rate
4%9%
Loan Term (years)
1530
Monthly Property Costs
HOA
$200/mo$2,000/mo
Property Tax
$50/mo$800/mo
Insurance
$15/mo$200/mo
Income Sources
Adding IRA distributions increases your qualifying income and expands your buying power.
Pension + Social Security
$2,000/mo$10,000/mo
IRA Distribution
$0/mo$8,000/mo
Total Qualifying Income
Payment Breakdown
Principal & Interest
HOA
Property Tax
Insurance
Total Monthly
Max Buying Power at 43% DTI
Max loan amount
+ Your down payment
Max purchase price
Tip: Slide the IRA Distribution up to see how additional income expands your max purchase price.