Greenhaven | Social Security Housing Calculator
GREENHAVEN SOLUTIONS, LLC

Social Security + Small Multifamily
Housing Calculator

Estimate a possible home price from Social Security income, other debts, and projected rents on a duplex, triplex, or fourplex.

Planning estimate · Not a loan approval or lender decision

Enter your scenario

Borrower income and debts

Only use a gross-up permitted by the selected loan program.

Property and rental assumptions

Enter the monthly rent for each selected unit; all units are totaled before applying the rent adjustment.
Enter the applicable PHA’s current payment standard for the bedroom size. It is a gross rent limit, not a guaranteed tenant payment.
Lenders may apply different rules or use a rent schedule.
Illustrative credit based on estimated purchase price. Lender and program limits apply.
Planning allowance, including estimated fees, prepaid items and initial escrows. Adjust to your lender estimate. Reserves are separate.
Estimated gift funds available toward the down payment and eligible closing costs. Lender documentation and eligibility rules apply.
Used to estimate monthly property taxes from the calculated home price.

Estimated results

Adjusted Social Security$1,72515% illustration on $1,500 documented benefit
Base qualifying income$1,725before rental income
Monthly non-housing debt$200entered debt payments
Target DTI45%user-selected estimate

Estimated affordable purchase price

Market rent entered estimate

$378,967 estimated affordable purchase price

Estimated qualifying income: $7,125/mo. · Gross rent: $7,200 · Rent counted: $5,400 (75%)

Maximum housing budget at 45% DTI: $3,006/mo. · Estimated DTI at projected payment: 45.0%

Projected total housing payment at this price: $3,006/mo. This includes principal & interest $2,311, property taxes $395, homeowners insurance $150, mortgage insurance $150, and HOA dues $0.

Estimated down payment: $13,264 · Gift funds applied to down payment: $0 · Estimated down payment remaining: $13,264 · Seller contribution estimate: $0. Seller credits are estimates for eligible closing costs and may be limited by the loan program. Estimated loan amount: $365,703.

Income calculation: $1,725 grossed-up Social Security + $0 other income + $5,400 rent after 25% adjustment = $7,125/mo.

Section 8 note: HUD publishes Fair Market Rents; local Public Housing Agencies set payment standards and may apply bedroom-size, utility, and rent-reasonableness rules. This calculator does not retrieve local rates automatically. Confirm the current figure with the PHA serving the property.

This educational calculator is not financial, legal, tax, or lending advice. This is a planning estimate, not a loan approval. Actual qualifying income, tax assessment, insurance, mortgage insurance, and rental treatment depend on the loan program, property, documentation, and lender. The cash-to-close estimate includes the entered closing-cost and prepaid allowance, but excludes reserves and any earnest-money deposit already paid. Confirm terms with a licensed lender before relying on the estimate.