How much house can I afford with a conventional loan?
It depends on income, debts, credit, down payment, taxes, insurance, HOA, PMI, and the property itself. A real pre-approval models all of those. Generic affordability calculators miss file-specific factors and Florida payment math.
What this actually means.
Starting estimate ranges: total housing payment around 28-36% of gross income, total debt 40-50% — wide bands. The actual approved number is what underwriting issues after reviewing the file. A serious conventional affordability conversation models full Florida payment (P&I, taxes, insurance, HOA, CDD, PMI), not just principal and interest.
Where this can move.
Income type and history, recurring debts shown on credit, automated vs manual underwriting, compensating factors, and overlays can change the answer.
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More conventional questions on DTI.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.