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Get a clear affordability number before you shop. We’ll show you how lenders calculate debt-to-income (DTI), what counts in your monthly housing payment, and smart ways to boost buying power—then we’ll confirm everything with a fast pre-approval.
What’s in the monthly housing payment
PITI + (MI/HOA) = Principal + Interest + Taxes + Insurance + Mortgage Insurance (if <20% down on Conventional; FHA has MIP) + HOA dues (if applicable)
What DTI should I target?
Planning around 36–43% total DTI keeps you competitive and comfortable. Program caps vary.
Does PMI hurt affordability?
PMI (Conventional) or MIP (FHA) adds to payment but can enable lower down payments. We’ll compare total cost and PMI-removal timing.
How much should I budget for closing costs?
Plan ~2–5% of price (plus prepaids for taxes/insurance). Seller credits can offset some costs.
Do taxes, insurance, and HOA count in DTI?
Yes—lenders use full housing payment (PITI + MI + HOA) when calculating DTI.
How fast can I get pre-approved?
Often same day with complete docs. Pre-approval strengthens offers and clarifies budget.
Ready to dial in your number?
Start a pre-approval and we’ll run scenarios that fit your comfort payment and price range.
See how affordability shifts with each program:
What Documents do I need for the Mortgage Application
Wain Capital, LLC, Arizona - 0951257 & 1825506 Zachary Wain, 207079, Wain Capital LLC, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 207079 or Licensed by the Department of Business Oversight under the California Finance Lenders Law, 207079 NMLS# 1825506 Wain Capital, LLC (480) 336-3737 NMLS# CO-100507291 Zachary Wain (480) 336-3737
1825506 - 207079 Wain Capital LLC, 15848 N 51st Place, Scottsdale, AZ, 85260, 1825506, Residential Mortgage Loan Company Zachary Wain, Residential Mortgage Loan Originator, 207079, Wain Capital LLC, 15848 N 51st Place, Scottsdale, AZ, 85254, Oregon Mortgage Lending License 1825506
Wain Capital | Scottsdale, AZ | 480-336-3737