How much home can you afford in Saint Louis?
Affordability based on income, debt, St. Louis City property tax, and Missouri insurance, not just a lender DTI.
Most affordability calculators ignore property tax and insurance, then return a number a lender would never actually approve. Saint Louis is a clean example: St. Louis City's tax rate is 1.15% and Missouri insurance averages 0.65% 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, Saint Louis, MO, 6.5% rate, 20% down
- Gross annual income
- $90,000
- Front-end DTI cap
- 28% (conservative)
- Down payment
- 20%
- Property tax
- 1.15% (St. Louis City)
- Interest rate
- 6.5%
- Max monthly housing budget
- $2,100
- Affordable loan amount
- $256,233
- Affordable home price
- $320,291
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, Saint Louis, MO, 6.5% rate, 20% down
- Gross annual income
- $150,000
- Front-end DTI cap
- 28% (conservative)
- Down payment
- 20%
- Property tax
- 1.15% (St. Louis City)
- Interest rate
- 6.5%
- Max monthly housing budget
- $3,500
- Affordable loan amount
- $427,054
- Affordable home price
- $533,818
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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