Mortgage broker-style qualification — uses your real DTI ratios, loan program, and PMI to find your max purchase price.
PMI required under 20% down; drops off at 80% LTV.
Use the minimum requiredpayment on each — that's what underwriters use, not what you actually pay.
You qualify for a home up to
$298,200
$2,216.37/mo PITI · $258,200 loan
Limited by · Front-end DTI (housing)
Capped because housing (PITI) can't exceed 28% of gross income under Conventional guidelines.
Your DTI at Max Price
Gross /mo
$7,917
Down %
13.4%
PMI applies
LTV
86.6%
PITI Breakdown
Estimate only. Real underwriting also weighs credit score, employment history, cash reserves, and property appraisal. Compensating factors (12+ months reserves, 720+ FICO, low LTV) can push DTI caps to 50%+. Verify with a licensed lender before making offers.