<p>Based on your information and ratio selections:</p><p>Your monthly mortgage expenses shouldn't exceed 36.00% of your total monthly income.</p><p>Your total monthly obligations (monthly mortgage expenses plus any other long-term debt obligations) shouldn't exceed 45.00% of your monthly income.</p><p>You have been capped by the 45.00% ratio. Including your down payment, it appears you may qualify for a home valued around $265,182</p><ul><li><a href="home-affordability">How much home can I afford?</a></li><li><a href="refinance-calculator">Should I refinance my mortgage?</a></li><li><a href="mortgage-calculator">Mortgage calculator</a></li><li><a href="hom04">Comparing mortgage terms (i.e. 15, 20, 30 year)</a></li><li><a href="hom05">Should I pay discount points for a lower interest rate?</a></li><li><a href="rent-vs-buy-home">Should I rent or buy a home?</a></li><li><a href="should-i-convert-to-a-bi-weekly-payment-schedule">Should I convert to a bi-weekly payment schedule?</a></li><li><a href="hom08">Compare a 'no-cost' vs. traditional mortgage</a></li><li><a href="hom09">What are the tax savings generated by my mortgage?</a></li><li><a href="fixed-or-adjustable-rate-mortgage">Which is better, fixed or adjustable-rate mortgage?</a></li><li><a href="adjustable-rate-mortgage-calculator">Adjustable rate mortgage calculator</a></li><li><a href="hom12">How do closing costs impact the interest rate?</a></li><li><a href="hom13">Compare an interest-only vs. traditional mortgage</a></li><li><a href="how-much-can-i-borrow-from-my-home-equity-heloc">How much can I borrow from my home equity (HELOC)?</a></li><li><a href="loan-comparison-calculator">Loan Comparison Calculator</a></li></ul><div class="pure-u ad-box adb-box8"><div class="l-box"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><ins class="adsbygoogle"style="display:inline-block;width:468px;height:60px"data-ad-client="ca-pub-5882148606561545"data-ad-slot="6039041783"></ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script></script></div></div><table class='pure-table' role='grid'><tr><th colspan='2' class='section'>Front-End Ratio</th></tr><tr><td>Monthly gross income</td><td>$4,167</td></tr><tr><td>Front-end ratio</td><td>36%</td></tr><tr><td>Calculated payment for front-end ratio</td><td>$1,500</td></tr><tr><td></td><td></td></tr><tr><th colspan='2' class='section'>Back-End Ratio</th></tr><tr><td>Debts and obligations</td><td>$410</td></tr><tr><td>Percent of gross income</td><td>10%</td></tr><tr><td>Maximum percentage available for mortgage payment</td><td>35%</td></tr><tr><td>Calculated payment for back-end ratio</td><td>$1,465</td></tr><tr><td></td><td></td></tr><tr><th colspan='2' class='section'>Payment Calculation</th></tr><tr><td>Minimum of the two ratio options</td><td>$1,465</td></tr><tr><td>Less: taxes and insurance</td><td>$100</td></tr><tr><td>Equals: maximum allowable payment</td><td>$1,365</td></tr><tr><td>Calculated mortgage amount</td><td>$235,182</td></tr><tr><td>Down payment</td><td>$30,000</td></tr><tr><td><b>Home value you can afford</b></td><td><b>$265,182</b></td></tr></table>  <span style="padding-bottom:2px;background-color:#eee;border-bottom:1px dotted;border-top:1px dotted;"><span style="color:#81A41E;font-size:100%;font-weight:700;"> <a href="https://forms.insuredstreet.com/MXForms/Forms/HomeFramed?aid=cd14185&afftrack=hom01&affsub=hom" target="_PP_WINDOW">INSTANT HOME OWNERS INSURANCE QUOTES</a></span> <span style="color:#000;font-size:100%;font-weight:normal;">– <a href="https://forms.insuredstreet.com/MXForms/Forms/HomeFramed?aid=cd14185&afftrack=hom01&affsub=hom" target="_PP_WINDOW">Affordable Rates - click here</a></span>  </span>{"monthlyIncome": "4167", "front": "36.0%", "frontPayment": "1500", "otherDebts": "410", "otherPercentage": "9.84%", "back": "35.16%", "backPayment": "$1,465.00", "minimumPayment": "$1,465.00", "taxesInsurance": "$100.00", "maximumPayment": "$1,365.00", "mortgageAmount": "$235,182.46", "homeValue": "$265,182.46"}