Affordability calculator

USA

Income

Gross annual income

Monthly debts

Car loans

Credit card minimums

Student loans

Other mortgages

Other loans

Available funds

Down payment

Monthly housing expenses

Property tax

Home owners insurance

HOA fees

Financing

Term of mortgage

yrs

Annual profit rate

What you can afford

Maximum home price $0.00 MAX HOUSING EXPENSE $0.00

Totals

Income total $0.00

Monthly debts total $0.00

Available funds total $0.00

Total monthly housing expense $0.00

Financing total $0.00

The front-end debt-to-income ratio cap (monthly payment ÷ monthly income) is 39%, and the back-end cap (monthly payment plus monthly debts ÷ monthly income) is 45%. Closing costs assume $0.00 fixed plus 2% variable. They are an estimate, not a pre-qualified offer — that can only follow a complete application with one of our licensed providers.

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Important: This calculator is provided for illustrative purposes only, reliance on the estimates is at your complete discretion and Ijara Community Development is not responsible for your reliance on the estimates, nor are the estimates to be construed as a pre-qualified offer, a pre-qualified offer can only be provided with a complete application for Halal Home or Business Financing with one of our Licensed lenders.

Ijara CDC Home Affordability Calculator Results

Income

Gross Annual Income*

Before Tax

Please enter a number greater than or equal to 0.

Maximum Housing Expense

Please enter a number from 0 to 100.

Maximum Monthly Payment

Based on Income

Please enter a number greater than or equal to 0.

Monthly Debts

Car Loans

Please enter a number greater than or equal to 0.

Credit Card Minimums

Please enter a number greater than or equal to 0.

Student Loans

Please enter a number greater than or equal to 0.

Other Mortgages

Please enter a number greater than or equal to 0.

Other Loans

Please enter a number greater than or equal to 0.

Total Current Monthly Debts

Please enter a number greater than or equal to 0.

Maximum Debt-to-Income Ratio

Please enter a number from 0 to 100.

Note: Could be higher on case-to-case basis

Max Monthly Payment

Based on DTI

Please enter a number greater than or equal to 0.

Max Monthly Payment

Lower of the two previous Max Monthly Payment calculations

Please enter a number greater than or equal to 0.

Available Funds

Available Funds*

Please enter a number greater than or equal to 0.

Down Payment*

Please enter a number from 0 to 100.

Fixed Closing Costs

Please enter a number greater than or equal to 0.

Variable Closing Costs

Please enter a number from 0 to 100.

Based on Price

Maximum Home Price

Based on Funds

Please enter a number greater than or equal to 0.

Maximum PI Payment

Based on Funds

Please enter a number greater than or equal to 0.

Monthly Housing Expenses

Note: Property Tax and Home Owners Insurance must be filled for an accurate Maximum Home Price result.

Property Tax

Please enter a number greater than or equal to 0.

Home Owners Insurance

Please enter a number greater than or equal to 0.

HOA Fees

Monthly

Please enter a number greater than or equal to 0.

Private Mortgage Insurance (PMI)

Note: this is an estimate only and is subject to change

Please enter a number greater than or equal to 0.

Maximum PI Payment

Based on Expenses

Please enter a number greater than or equal to 0.

Maximum PI Payment

Lower of the two previous Max PI Payment calculations

Please enter a number greater than or equal to 0.

Financing

Term of Mortgage

years

Please enter a number from 0 to 60.

Annual Profit Rate

Please enter a number from 0 to 100.

Loan Amount

Based on Max PI Payment

Please enter a number greater than or equal to 0.

Down Payment

Based on Available Funds

Please enter a number greater than or equal to 0.

Upfront Private Mortgage Insurance (PMI)

Note: this is an estimate only and is subject to change

Please enter a number greater than or equal to 0.

Total Estimated Closing Costs

Please enter a number greater than or equal to 0.

Maximum Home Price

Please enter a number greater than or equal to 0.

Disclaimer: Ijara Community Development Corporation strives to keep its information accurate and up to date. This information may be different than what you see when you apply for an Ijara™ transaction, visit a financial institution or service provider. All financial services and estimates are presented without warranty. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact the credit bureaus directly.