Mortgage Calculators

Home Affordability Calculator

Answer the question "how much house can I afford?" with our free affordability calculator. Estimate your maximum home price based on your income, monthly debts, down payment, and current mortgage rates.

Assumptions

Adjust values

Annual household income Monthly debt payments Available down payment Interest rate Loan term (years) Property tax rate Insurance rate (% of home value) Monthly HOA Target max DTI

Estimated affordable home price

$535,891.68

Estimated monthly housing budget

$3,650.00

Estimated loan amount

$460,891.68

Target DTI

36.0%

Down payment used $75,000.00

Monthly debts counted $850.00

This estimate uses a simplified affordability model and should be treated as planning guidance, not lender approval.

About this tool

Are you wondering, "How much house can I afford?" This comprehensive Home Affordability Calculator helps you determine a realistic housing budget before you start house hunting. By factoring in your annual income, monthly debts, available down payment, and expected mortgage interest rates, this tool provides a clear estimate of the maximum home price and monthly mortgage payment that fits comfortably within your budget. This calculator goes beyond simple income multipliers by allowing you to account for essential variables like property taxes, homeowners insurance, and Homeowners Association (HOA) fees. Using standard lender guidelines, such as the Debt-to-Income (DTI) ratio, it ensures you avoid becoming "house poor." Use this free tool to set realistic expectations, understand your purchasing power, and prepare for a mortgage application with confidence.

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