💳 Can I buy a home with existing credit card and student loan debt?
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You have a solid $123k income but carry $56k in student loans and $29k in credit card debt. You've negotiated hardship plans to lower your interest rates and moved in with family to save. Now you want to know: can you buy a $375k home in 9 months? This calculator runs your numbers to see if your Debt-to-Income (DTI) ratio will pass a lender's check.
Show Me the Savings 💰
Lenders look at your down payment to determine your loan amount. Since you're living with family to save aggressively for 9 months, enter your expected down payment here.
Cashflows 💸
Your gross income is $123k, and your minimum debt payments are $1,109 ($338 for student loans, $771 for credit cards). Lenders use these minimums—not your total debt balance—to calculate your DTI.
Mortgage Terms 🏦
You're targeting a home outside the flood zone in the Tampa Bay Area. Let's estimate the mortgage terms for a $375k house.
Debt Reality Check ⚖️
With a 680 FICO score, you might be looking at an FHA loan or a conventional loan. Lenders typically want your total DTI (including the new mortgage) below 43%.
Current DTI ratio
🔗 See Also
🏘️ The Bottom Line
Monthly Headroom
Can you afford it?
Yes
Mortgage Principal
Max House Price
Max Payment
Calculator updated by heyfinfam (v26.8.0) · View history
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