How much home can you afford in Los Angeles?
Affordability based on income, debt, Los Angeles County property tax, and California insurance, not just a lender DTI.
Most affordability calculators ignore property tax and insurance, then return a number a lender would never actually approve. Los Angeles is a clean example: Los Angeles County's tax rate is 0.74% and California insurance averages 0.40% of home value, which together can add hundreds of dollars per month to what a rate-times-loan payment alone would suggest.
Worked examples
Real numbers for common scenarios. These are estimates - your final closing disclosure will reflect the exact fees your specific loan and property require.
$90,000 annual income, Los Angeles, CA, 6.5% rate, 20% down
- Gross annual income
- $90,000
- Front-end DTI cap
- 28% (conservative)
- Down payment
- 20%
- Property tax
- 0.74% (Los Angeles County)
- Interest rate
- 6.5%
- Max monthly housing budget
- $2,100
- Affordable loan amount
- $279,695
- Affordable home price
- $349,619
Lenders allow up to 36 to 43% back-end DTI including all debt. The 28% front-end is a conservative starting point. Actual approvals vary by credit and reserves.
$150,000 annual income, Los Angeles, CA, 6.5% rate, 20% down
- Gross annual income
- $150,000
- Front-end DTI cap
- 28% (conservative)
- Down payment
- 20%
- Property tax
- 0.74% (Los Angeles County)
- Interest rate
- 6.5%
- Max monthly housing budget
- $3,500
- Affordable loan amount
- $466,158
- Affordable home price
- $582,698
Lenders allow up to 36 to 43% back-end DTI including all debt. The 28% front-end is a conservative starting point. Actual approvals vary by credit and reserves.
Run your own numbers
The calculator gives you the same itemized breakdown for any price, down payment, loan type, and location.
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