How much house can I afford?
See the most you can spend on a home with FHA, Conventional, VA and USDA, plus the monthly payment on each one, set to your county.
3 steps to your approval amount
- 1 Pick your county and score A guess at your credit score is fine.
- 2 Add your income and savings Use your monthly pay before taxes. $0 saved can still work.
- 3 List your monthly debts Include car loans, credit cards and student loans.
- Your approval amount You'll see the monthly payment on every loan program too.
Your number is ready. Change any answer and it updates right away.
Your price on each loan
See the detailsThe full math for each loan, and how to raise your number.
Each loan, in full
Raise your number
Pick one to see how.A co-signer can raise your number.
Most of the buyers AAA Capital Funding gets approved have one. A co-signer doesn't go on the title or move in.
What sets your number
Can my buyer purchase this home? Yes
$100,000$1,500,000
Program by program at this price
Each row uses the program's minimum down payment and the buyer's numbers on the left.
Your rent already covers a mortgage payment $0
$1,000$6,000
Rent you'll pay over the next 5 years$0All of it goes to your landlord.
Loan you'll have paid off in 5 years$0It stays yours, before any rise in the home's value.
Do your numbers qualify for it?
DSCR: does the rent carry the payment? 0.00
The numbers behind the ratio
DSCR is the monthly rent divided by the full payment: principal, interest, taxes, insurance and HOA. AAA Capital Funding counts 100% of the rent and finances DSCR loans down to a 0.75 ratio. Your personal income isn't used.
AAA Capital Funding, Inc. · Mortgage broker since 1997
Have a mortgage expert check these numbers
We’ll shop your real numbers with multiple wholesale lenders and tell you exactly what you can buy. AAA Capital Funding has been getting Florida buyers approved in every credit band since 1997.
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4.9 on GoogleBBB A+NMLS #374739 · Jason J. Sarji NMLS #374700Fort Lauderdale, FL
Quick answers
What price can I afford on a $60,000 salary?
At $5,000 a month in gross income, FHA allows a housing payment of $2,345. In Broward County at 5.75% with 3.5% down, that supports a price of about $296,000, as long as your other monthly debts stay at $500 or less.
Can I buy a house in Florida with no money down?
Yes. FHA 100% financing pairs a 96.5% FHA first mortgage with a down payment assistance second that covers the 3.5% down payment. VA and USDA are $0 down loans on their own for eligible veterans and eligible rural areas.
What credit score do I need to buy a house?
FHA goes down to a 500 score with 10% down and 3.5% down from 580. Most lenders, AAA included, start Conventional at 620. VA has no agency minimum, and AAA Capital Funding closes VA loans down to 500.
Does a co-signer raise how much house I can afford?
Yes, on FHA and Conventional. A parent or grandparent can co-sign, even on Social Security or SSI, and their income is added to yours. They don't go on the title and don't have to live in the home.
Why does FHA show a higher price than Conventional?
FHA allows a higher total debt-to-income ratio than Conventional's 50% cap and prices its mortgage insurance the same at every credit score. Below about a 740 score, or with debts on top of the house payment, buyers usually see their highest number on FHA.
How does QualRate work out my number?
It finds the highest price whose full monthly payment, meaning principal, interest, taxes, insurance, mortgage insurance and HOA, stays inside each program's debt-to-income limits. FHA allows 46.9% of gross income for housing and 56.9% in total. Conventional allows 50% in total, VA uses 41% plus a money-left-over test, and USDA uses 29% and 41%. Then it checks your county's loan limit and your cash. The full walkthrough shows every step.
Can real estate agents use this with buyers?
Yes. Enter the buyer's numbers once, then open the Price check tab to test any list price on every program at once. The numbers carry into every QualRate calculator on that device, and the Copy button gives you a summary to text your buyer. See QualRate for agents.
Are my numbers saved?
Yes, on this device. Come back any time and they're filled in, and you'll see whether your price moved since your last check. Turn on Buying-Power Alerts and we'll email you when new loan limits or a rule change moves it.
The full math, program by program
- FHA: 3.5% down at 580 and up, 10% down from 500 to 579. Housing up to 46.9% of gross income and housing plus debts up to 56.9%, the limits automated approval allows. 1.75% upfront MIP is added to the loan; annual MIP is 0.55% above 95% loan-to-value and 0.50% at or below. FHA 100% financing covers the 3.5% down with a down payment assistance second loan.
- Conventional: 620 and up, 3% down on a single-family home and 5% on 2 to 4 units, total debts up to 50%. Mortgage insurance above 80% loan-to-value runs from about 1.50% a year near 620 down to 0.46% at 760 and up.
- VA: $0 down. The funding fee (2.15% first use, 1.50% at 5% down, 1.25% at 10% down) is added to the loan. VA wants a set amount left each month for your family size; above 41% total debt, it wants 20% more. No loan limit with full entitlement.
- USDA: $0 down on single-family homes in eligible rural areas. 29% housing, 41% total. 1.00% upfront fee added to the loan, 0.35% a year.
- Co-signers: a co-signer's income and debts count with yours on FHA and Conventional loans. Non-taxable income such as SSI is grossed up 15% for FHA and 25% for Conventional.
- 2 to 4 units: you live in one unit, and 75% of the other units' rent counts as income.
- Loan limits: each Florida county's FHA and conforming limits for the property's unit count, for the current year, pulled from HUD.
- Debts: cards with no payment listed use 5% of the balance. A $0 student loan payment counts as 0.5% of the balance for FHA and USDA, 1% for Conventional, and 5% a year for VA.
The full guide goes through it step by step.