Home Affordability Calculator
Find out how much home you can afford based on your income, monthly debts, down payment, and interest rate.
Lenders typically cap total monthly debt (including housing) at 36–43% of gross income.
+ Adjust term, tax & insurance
You can likely afford a home around
$357,335.44
$317,335.44 loan at $2,450.00/month
How the Home Affordability Calculator works
Based on your income and existing debts, the calculator finds the maximum monthly housing payment that keeps you under your target debt-to-income ratio, then works backward — factoring in your down payment, interest rate, and estimated tax and insurance — to estimate the home price that payment can support.
Frequently asked questions
What is a debt-to-income (DTI) ratio?
It's the share of your gross monthly income that goes toward debt payments, including housing. Most lenders cap total DTI at 36–43%, though some allow higher with strong credit.
Does this include property tax and insurance?
Yes — expand the assumptions section to adjust the estimated property tax rate and annual insurance used in the calculation.
Is this the same as mortgage pre-approval?
No — this is a general estimate. Actual lending decisions depend on your credit score, exact debts, employment history, and the lender's specific guidelines.