Free Calculator
What Can You Afford?
Let's figure out your price range — no hard sell, no pressure. Just honest numbers based on what you make, what you owe, and what you're comfortable spending.
Free Calculator
Let's figure out your price range — no hard sell, no pressure. Just honest numbers based on what you make, what you owe, and what you're comfortable spending.
Car payments, student loans, credit cards, etc.
Current 30-year fixed average ~7.40% (Freddie Mac PMMS, October 8, 2026). Adjust as needed.
What monthly payment would you be comfortable with?
Based on 28% housing / 36% total debt ratio — what most lenders will approve
Estimated Home Price
$0
Principal & Interest
$0
Property Tax
$0
Insurance
$0
HOA
$0
Based on 28% housing / 43% total debt ratio — FHA maximum, requires good credit
Estimated Home Price
$0
Principal & Interest
$0
Property Tax
$0
Insurance
$0
HOA
$0
With Hometown Heroes assistance (up to $35,000) or FHA loans (3.5% down), you may qualify for more than you think. Many first-time buyers in South Florida are surprised by how much help is available.
Numbers look good? Let's get you pre-approved and start looking at homes that fit your budget.
Disclaimer: This calculator provides estimates for informational purposes only and does not constitute a loan approval or guarantee. Actual qualification depends on your credit score, debt-to-income ratio, lender guidelines, property type, and other factors. Mortgage rates, taxes, and insurance costs vary. Consult a licensed lender and real estate professional for accurate pre-approval and personalized advice. Florida License #SL3571861.
Our calculator uses standard lending guidelines and South Florida-specific costs to give you a realistic picture.
Lenders typically cap your housing costs at 28% of your gross monthly income. This includes principal, interest, taxes, and insurance.
Your total debt payments — including housing, car loans, student loans, and credit cards — shouldn't exceed 36% (conservative) or 43% (FHA max) of your income.
We estimate ~1.1% of the home's value per year, which is the average effective property tax rate in Palm Beach County.
Homeowners insurance in South Florida averages ~$8,400/year in 2026. Condos typically add $200–400/month in HOA fees. We use $300/month as a reasonable estimate.
A lower credit score may mean a higher interest rate or require a larger down payment, but it doesn't disqualify you. FHA loans accept scores as low as 580 (with 3.5% down) and even 500–579 (with 10% down). Talk to a lender to understand your options.
Not directly. If you put less than 20% down, you'll typically pay private mortgage insurance (PMI) on conventional loans or mortgage insurance premiums (MIP) on FHA loans. These can add $100–300/month to your payment. Ask your lender for a full breakdown.
Yes — and you might be closer than you think. Between Florida's down payment assistance programs, FHA loans with 3.5% down, and homes in the $250k–$600k range across Delray Beach, Boynton Beach, and surrounding areas, there are real opportunities for everyday buyers. Ryan specializes in helping people just like you find a home that fits their budget.
For neighborhood deep-dives and market insights, visit RyanParkerRealty.com.
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