Estimated affordable home price
$0A planning estimate based on your inputs.Affordability Calculator
Estimate how much house you can afford using a realistic monthly payment.
This calculator uses income, debt, down payment, rate, taxes, insurance, HOA dues, and debt-to-income guidelines to estimate a more realistic price range than a simple online guess.
Interactive Tool
Home affordability calculator
Estimate a realistic home price range using monthly income, debt, down payment, interest rate, and ongoing housing costs.
This estimate uses the lower of your front-end housing ratio and your total debt-to-income ratio.
Estimated loan amount
$0Home price minus down payment.Target monthly housing budget
$0The monthly limit implied by your ratios.Estimated monthly payment
$0All-in payment at the estimated purchase price.Payment Mix
What drives the affordability estimate
How To Use It
Affordability decisions still need judgment.
- Run a conservative rate and a higher-tax scenario so you know your safe zone.
- Do not stretch so far that routine repairs or moving costs become stressful.
- Revisit the numbers if your debt, down payment, or target market changes.
FAQ
Home affordability calculator questions
How much house can I afford based on income?
Many buyers start with a front-end housing ratio near 28% of gross monthly income and a total debt-to-income ratio near 36%, but your comfort level and lender rules may differ.
Why include taxes and insurance in affordability?
Because those costs are part of the monthly housing bill. Ignoring them can make a home appear affordable when the all-in payment is not.
Can I afford more if I make a bigger down payment?
Usually yes. A larger down payment lowers the loan amount, reduces the monthly principal-and-interest payment, and may also eliminate PMI.