Home Affordability Calculator
Income & Debt Profile
Before taxes — include all earners
Car loans, student loans, credit card minimums
Loan & Market Details
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Why state matters:
Alabama's effective property tax rate averages ~0.41% — one of the lowest in the nation. Georgia averages ~0.90%. This significantly impacts your monthly payment and therefore how much house you can qualify for with the same income.
Affordability Range
Affordability Scale
$0
$200K
$400K
$600K
$800K+
Standard Home Price
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Monthly PITI
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Front-End DTI
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Back-End DTI
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Monthly Taxes
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Monthly Insurance
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Monthly Payment Breakdown — Standard Scenario
How lenders evaluate you:
Two ratios determine your limit. The front-end ratio
is your housing payment ÷ gross income (lenders prefer under 28%). The back-end ratio
is all monthly debts including housing ÷ gross income (lenders prefer under 43%). The figures above reflect actual Alabama
property tax and insurance rates, not national averages.
Important:
These figures are estimates for planning purposes only. Actual loan qualification is determined by a licensed loan officer reviewing your full financial picture including credit report, employment history, assets, and debt obligations. Speak with a licensed mortgage professional for a formal pre-approval.