Home Affordability Calculator
Estimate how much house may fit your budget using income, debts, down payment, mortgage assumptions, and a target debt-to-income ratio.
Enter your budget details
Use the sliders or type exact values.
Use gross income before taxes.
Car loans, student loans, cards, and other recurring debt.
Cash you plan to put toward the purchase price.
Debt-to-income ratio compares monthly debts plus the estimated housing payment to gross monthly income. A lower target is usually more cautious; a higher target may feel tighter month to month.
Annual tax as a percentage of home price.
Moderate defaults often land around 36%.
Conservative
$349,385
Lower payment cushion · 28.0% DTI · $2,150/mo
Moderate
$461,240
Your selected target · 36.0% DTI · $2,950/mo
Aggressive
$559,114
Higher payment stretch · 43.0% DTI · $3,650/mo
Loan amount
$381,240
Monthly income
$10,000
Total DTI ratio
36.0%
Guide
How this affordability calculator works
This calculator starts with your gross monthly income, subtracts existing monthly debt from your selected DTI target, and estimates the home price that fits the remaining housing budget. The payment estimate includes principal, interest, property taxes, home insurance, and HOA fees.
Income
Annual household income is converted into gross monthly income.
Debts
Existing monthly debts reduce the room available for housing.
Assumptions
Rate, term, taxes, insurance, and HOA are editable estimates.
Home affordability FAQs
Disclaimer: This calculator is for educational and planning purposes only. Results are estimates and may not reflect your exact lender approval, interest rate, tax bill, insurance premium, HOA dues, closing costs, or comfort level. Always verify numbers with a qualified lender or financial professional before making a purchase decision.
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