FHA Mortgage Affordability Worksheet: How to Calculate What You Can Afford, Step by Step

FHA Mortgage Affordability Worksheet: How to Calculate What You Can Afford, Step by Step

This step-by-step FHA mortgage affordability worksheet walks you through gross income, debt ratios, mortgage insurance, and property taxes to produce a realistic home price range and a full monthly payment. Unlike most worksheets that stop at income and debt, it shows where FHA payments typically get understated, with one worked example and figures verified in October 2026.