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Home › Calculators › Home Affordability

Calculate how much you can afford to spend on a home.

Your ability to obtain a loan for a new home purchase is based on a number of factors. Lenders typically make lending decisions based on three key ratios: (1) Loan-to-value ratio (LTV), which represents the ratio of the loan amount to the value of the home. Lenders ideally want to see an 80% LTV, meaning a 20% down payment is preferred; (2) Housing Ratio, which represents the percentage of your total income that goes towards housing expenses; and (3) Debt-to-Income Ratio, which represents your total debt payments, plus housing expenses as a percentage of your total income. Lenders will typically look at any of these ratios as constraints, meaning once any of these ratio limits is reached, the amount of the loan will be capped.

Calculations provided by Fintactix.

  • Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

DuPage Credit Union mortgage loan benefits

  • Highly competitive rates. Low mortgage rates with exclusive rate offers for members.
  • Low down payments. Put as little as 3% down on loans up to $766,550.
  • No hidden fees. Pay no application fee until you lock in your rate.
  • Home loan options for everyone. We lend on primary, secondary, and investment properties.
Learn MoreLearn more about our mortgage loans

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  • Homeowners insurance required.

  • Consult a tax advisor regarding deductibility of interest.

  • Rates are subject to change without notice. See Current Rates. Payment examples do not include homeowner insurance, property taxes, private mortgage insurance, or homeowner association dues. Actual payment may be higher. Consult a tax advisor regarding deductibility of interest.

  • Must have a Credit Union membership established and be in good standing. Rate, points, and Annual Percentage Rate (‘APR’) may be adjusted based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Maximum loan to value varies based on multiple factors, including but not limit to loan type, property type and occupancy type.

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