Estimate your maximum FHA home price in Florida from your income, monthly debts, and down payment — based on FHA's debt-to-income guidelines.
Estimate the home price you can afford.
Estimates only. Uses 1.75% upfront MIP (financed), 0.55% annual MIP, ~1% property tax and ~0.6% insurance. Actual figures vary by lender, county, and your profile. Not a loan offer.
This calculator estimates your maximum home price by working backward from FHA's debt-to-income guidelines. It finds the highest payment that keeps your housing costs near 31% of income and your total debts near 43% of income, then factors in FHA mortgage insurance, estimated property taxes, and homeowner's insurance to arrive at a price.
Your real budget depends on your full profile — credit score, reserves, and the specific county's tax and insurance costs — and FHA can sometimes approve higher ratios with compensating factors. Use this as a starting point, then get a pre-approval for an exact number.
Lowering your monthly debts, improving your credit for a better rate, or adding down payment assistance can all increase how much home you can buy. A larger down payment reduces your loan and monthly payment, stretching your budget further.
It's based on your debt-to-income ratios. Lenders generally want your housing payment near 31% of gross monthly income and your total debts near 43%. This tool solves for the highest home price that fits those limits, including FHA mortgage insurance, taxes, and insurance.
Possibly. FHA allows higher DTI ratios with compensating factors like strong credit, cash reserves, or a larger down payment. This estimate is conservative — a pre-approval will give you your true maximum.
Yes. The estimate factors in FHA mortgage insurance, roughly 1% annual property tax, and about 0.6% homeowner's insurance. Actual amounts vary by Florida county and property, so treat this as a planning estimate.
A free FHA pre-approval gives you an exact, lender-backed maximum you can shop with confidently.
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