Estimate the income required for a particular home by inputting the various parameters (mortgage rate, downpayment, loan term, etc.). Then based on the qualifying DTI (Debt-to-Income) chosen, a required salary will be calculated.
Selecting the MSA associated with the home calculates the percentage of a given MSAs population would be able to qualify for a loan to buy this home.
Additionally, you can adjust the loan parameter to better understand the sensitivity to various parameters such as interest rates.
Create .env file in ./api with relevant settings
CENSUS_API_KEY=YOUR_API_KEY
DEBUG=true
HOST=0.0.0.0
PORT=5000
docker-compose up
eval $(docker-machine env priced-out) # connect to instance
docker-compose -f docker-compose.yml -f docker-compose.prod.yml build
docker-compose -f docker-compose.yml -f docker-compose.prod.yml up -d
eval $(docker-machine env priced-out -u)
A home affordability calculator that makes use of the 2018 ACS income data. Based on a NAHB's "priced-out" analysis