The calculator below helps to determine how much of a home you can afford. The amount of payment you can afford is based on a housing debt ratio of 33% and an overall monthly debt ratio of 38%. (Cincinnatus does offer loan programs which allow higher debt ratio's) Simply enter in your gross monthly income and monthly payments into the affordability calculator and it will estimate the mortgage loan amount you can afford as well as monthly payment. The amounts listed are estimates please call or email us if you have any questions about the results.

Please keep in mind that this is not a loan approval or commitment.

The payment calculator will calculate the principal and interest payment for any loan. Enter the amount borrowed, the down payment, the interest rate, the term of the loan and hit calculate and the loan payment will be calculated.

Housing Debt Ratio is your home loan payment principal interest, taxes, and insurance (PITI) divided by your monthly gross income. Generally for conventional loans this ratio must be equal to or less than 33% of your gross monthly income. Cincinnatus does offer loan programs which allow higher Housing Debt Ratio's

Overall Debt Ratio is your overall monthly payments divided by your gross monthly income. Generally for conventional loans this ratio must be equal to or less than 38% of your gross monthly income. Cincinnatus does offer Loan Programs which allow higher Overall Monthly Debt Ratio's. Monthly debts would include your house payment (PITI), car payments, credit card payments, installment loans, etc. Utilities, car insurance, cable, and Internet service fees would not be included in monthly debts.


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