Jumbo - How Much House Can I Afford?

Find the purchase price range you should actually be shopping in.

Your Numbers

All figures are pre-tax where relevant.

Fields highlighted in blue need your attention. Empty ones must be filled in for the calculator to work, and insurance and HOA are estimates you should confirm or edit.

$

The price point you're shopping, we'll tell you how it fits

%

20% of your target price is $350,000, jumbo typically needs 20-25%

$

Your pre-tax pay each month

$

Minimum monthly payments, not balances

%

Estimated rate for illustration

15 and 30 years are most common

%
$

Defaults to 0.70% if left blank

If you know the actual property taxes enter it here. Otherwise, .70% will be utilized to estimate.

$

Default estimate, edit it to match your quote

$

Default estimate, set to $0 if there is no HOA

mo

Tax + insurance escrow prepaids

mo

Minimum months of PITI jumbo investors want left in the bank after closing

Based on Your Entry

At $1,750,000 with $350,000 down (20.0%), 6.25% for 30 years.
Monthly Payment
$10,116
P&I $8,620 · tax $1,021 · ins $225
Total DTI
31.0%
Moderate
Cash Needed
$445,133
$384,438 to close + $60,695 reserves (6 mo)

Your payment of $10,116 puts you at 31.0% total DTI, in the moderate 36% range most lenders like to see. That sits inside your projected range up to $2,509,498, leaving about $759,498 of headroom if you want more house.

How It Compares
Stretch (43% DTI)$2,509,498 · $14,300/mo
Moderate (36% DTI)You are here$2,064,776 · $11,850/mo
Conservative (28% DTI)$1,556,524 · $9,050/mo

Your total DTI at $1,750,000 is 31.0%. A check mark means your price fits that DTI guideline. A red X means your DTI exceeds that level. The highlighted row shows where your DTI falls. If your DTI exceeds 43%, every row shows a red X and the price needs to come down or the down payment needs to go up.

Higher debt-to-income ratios are available in some cases. Being over 43% does not automatically disqualify you, but it does need a quick call so we can review your situation first.

Where You Should Really Be Looking

You asked about $1,750,000. Based on how lenders read the income, debts, and down payment you entered, here is the price point that actually fits.
Recommended Price Point
$2,064,776
36% total DTI, $11,850/mo
Outer Limit
$2,509,498
43% total DTI, $14,300/mo

Your $1,750,000 target is comfortably at or below the $2,064,776 guideline price, so you have room to shop up to about $2,509,498 if you want more house.

Your Projected Purchase Price Range

Based on $35,000/mo income, 20% down, 6.25% for 30 yrs.
Shop Between
$1,556,524-$2,509,498
(28% DTI to 43% DTI)
Absolute max $2,509,498 (43% DTI)
Conservative
28% Total DTI
Debt-to-income ratio
$1,556,524
Loan$1,245,219
Est. total monthly$9,050/mo
Principal & interest$7,667
Property tax$908
Insurance$225
HOA$250
PMI-
Down payment$311,305
Closing costs$24,904
Prepaids$6,099
First year homeowners insurance$2,700
Est. cash to close$342,308
Reserves (6 mo PITI)$54,300
Total cash needed$396,608
Moderate
36% Total DTI
Debt-to-income ratio
$2,064,776
Loan$1,651,821
Est. total monthly$11,850/mo
Principal & interest$10,171
Property tax$1,204
Insurance$225
HOA$250
PMI-
Down payment$412,955
Closing costs$26,842
Prepaids$6,988
First year homeowners insurance$2,700
Est. cash to close$446,786
Reserves (6 mo PITI)$71,100
Total cash needed$517,886
Stretch
43% Total DTI
Debt-to-income ratio
$2,509,498
Loan$2,007,598
Est. total monthly$14,300/mo
Principal & interest$12,361
Property tax$1,464
Insurance$225
HOA$250
PMI-
Down payment$501,900
Closing costs$32,623
Prepaids$7,767
First year homeowners insurance$2,700
Est. cash to close$542,290
Reserves (6 mo PITI)$85,800
Total cash needed$628,090

Higher debt-to-income ratios are available in some cases. Being over 43% does not automatically disqualify you, but it does need a quick call so we can review your situation first.

How We Got Here

We take a target debt-to-income ratio, subtract your existing monthly debts, insurance, and HOA, then solve for the largest home price whose principal, interest, and property tax fit the remaining monthly budget.

Loan amount = (Price − Down payment). Property tax scales with price, so the higher the tax rate, the smaller the home your income supports.

Frequently Asked Questions

Want These Numbers Reviewed for Your Situation?

Send your scenario to Mike and his team, or book a call directly below.

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Your information is used only to respond to your mortgage inquiry and is not sold. This is not a loan application and does not constitute any type of formal loan approval.

This is for educational and illustration purposes only. Does not constitute any kind of formal loan approval or intent to make a loan of any type. Cash to close, monthly payment, and purchase prices are pure, purely estimated and will vary based on the actual property selected. County taxes, homeowners insurance, lender fees, credit and down payment will impact MI rates along with the specific loan program you select. The illustrations herein are based on a jumbo loan. Jumbo financing exceeds conforming loan limits and follows investor-specific guidelines: total DTI is generally capped at 43%, higher credit scores and cash reserves are required, and mortgage insurance availability, pricing, and structure vary by investor.

About closing costs: closing costs are estimated using a tiered percentage of the purchase price: 3% up to $250,000, 2.75% from $250,001 to $350,000, 2.6% from $350,001 to $450,000, 2.5% from $450,001 to $550,000, 2.4% from $550,001 to $750,000, 2.3% from $750,001 to $950,000, 2.1% from $950,001 to $1,150,000, 1.8% from $1,150,001 to $1,500,000, 1.6% from $1,500,001 to $2,000,000, 1.3% from $2,000,001 to $3,000,000, and 1.1% above $3,000,000. This is not an itemized quote. Actual closing costs vary by lender, title and escrow company, county, and property, and typically include origination and underwriting fees, appraisal, credit and flood reports, title insurance and settlement fees, recording fees and transfer taxes, plus prepaid interest and escrow deposits for property taxes and homeowners insurance. Seller credits, lender credits, and down payment assistance programs can offset part of them. Your official figures come from a Loan Estimate issued after a full application.