Financial Planning

Home Affordability Calculator

Estimate the maximum property value you can buy based on your income, debts, and down payment. Plan your purchase with financial security.

Key Factors

  • • Gross Monthly Income
  • • Existing Monthly Debts
  • • Down Payment Amount
  • • Interest Rate and Term

See Also

Calculate the financing with the Mortgage Calculator.

Resultado

Preço Máximo do ImóvelR$ 155.276,81
Pagamento Mensal EstimadoR$ 900,00
Renda Mensal BrutaR$ 5.000,00
Dívidas MensaisR$ 500,00
EntradaR$ 20.000,00

Factors that Influence Affordability

Buying a property is one of life's biggest investments, and understanding your real payment capacity is crucial. Various financial factors are considered by banks and yourself to determine how much you can spend:

  • Income: Your gross monthly income is the foundation. Banks typically limit the income commitment to financing installments.
  • Debts: The total of your monthly debts (credit cards, other loans) affects your borrowing capacity.
  • Down Payment: A larger down payment reduces the financed amount and, consequently, the installments and interest.
  • Interest Rate and Term: Directly affect the monthly installment value and the total financing cost.

Frequently Asked Questions

Clear your doubts about home affordability.

What is the 28/36 rule?+

It's a common guideline suggesting that housing costs (mortgage, taxes, insurance) should not exceed 28% of your gross monthly income, and total debts (including housing) should not exceed 36% of your gross monthly income.

Does the down payment affect affordability?+

Yes, significantly. A larger down payment reduces the loan amount, lowering monthly installments and total interest. This can allow you to buy a more expensive property or have more comfortable payments.

Does this calculator consider all property costs?+

It focuses on the purchase price and mortgage. Additional costs like transfer taxes, notary fees, mandatory insurance, condo fees, and property taxes should be considered separately in your planning.

Can I use this calculator for refinancing?+

Not directly. This tool is for estimating affordability of a new purchase. For refinancing, you would need a calculator that compares your current loan conditions with new ones.