Affordability Calculator

Discover how much home you can afford based on your income and expenses. Get personalized recommendations for your property purchase in Rwanda and East Africa.

Your Financial Information
Enter your income and financial details
RWF

Your total monthly income before taxes

RWF

Credit cards, car loans, student loans, etc.

RWF
%
%
%

Recommended: 28%

%

Recommended: 36%

%
%
You Can Afford
Maximum home price
RF 55,751,801

Recommended: RF 52,964,211

Maximum Monthly Payment

RF 560,000

Monthly Payment Breakdown
Principal & InterestRF 503,767
Property TaxRF 23,230
Home InsuranceRF 13,938
PMIRF 19,063
Total Monthly PaymentRF 560,000
Loan Summary

Loan Amount

RF 45,751,801

Down Payment

RF 10,000,000

Home Price

RF 55,751,801

Debt-to-Income Ratios
Housing Ratio28.0%

Recommended: < 28%

Total Debt Ratio28.0%

Recommended: < 36%

Important Notes:

  • These calculations are estimates. Actual affordability may vary.
  • Lenders typically use 28% housing ratio and 36% total debt ratio.
  • Consider additional costs like maintenance, utilities, and closing costs.
  • Consult with a financial advisor for personalized advice.