First Home Affordability Calculator
Estimate monthly payments, debt-to-income ratios, and cash to close when family gifts or contributions are part of the plan.
Estimated monthly payment
$4,595.99
Estimated debt-to-income
34.0%
Estimated cash to close
$192,500
Affordability range (rough)
$675,000 – $787,500
Family gift documentation note
Lenders often require a gift letter confirming that family funds do not need repayment. Donors may need to show source-of-funds documentation. Discuss timing and paperwork with your loan officer early, especially when gifts materially affect down payment size.