Max Purchase Price Calculator
Enter the most the borrower wants to pay each month (PITIA). The calculator works backward to the highest purchase price and loan amount that fit. Values shown on load are examples.
Inputs
Results
| Down payment | $87,395 (20%) |
| Loan-to-value | 80.00% |
Monthly payment breakdown
| Principal & interest | $2,267.36 |
| Real estate taxes | $455.18 |
| Hazard insurance | $127.45 |
| Mortgage insurance | $0.00 |
| HOA | $150.00 |
| Total PITIA | $2,999.99 |
How it works. Taxes and hazard insurance scale with the price, and principal, interest and mortgage insurance scale with the loan. So the calculator solves one equation: Price = (PITIA − HOA − any fixed tax or insurance amounts) ÷ [LTV × (P&I factor + MI ÷ 12) + (Tax% + Hazard%) ÷ 12]. For taxes or insurance, tap “$ per year” or “$ per month” to enter the actual amount instead of a percentage.
Price and loan are rounded down to the whole dollar, so the total lands at or just under your maximum. This tool doesn’t check DTI, loan limits, or financed upfront fees such as FHA UFMIP or VA funding fees.