Mortgage
Home Affordability Calculator
Estimate how much house you can afford based on your income, monthly debts, down payment, and current mortgage rates.
Enter your income, existing debt payments, and down payment to estimate a realistic home price range using a standard debt-to-income guideline.
Mortgage
Try the calculator
Advanced housing costs
Scenario presets
Quick compare
Example
A higher down payment and lower existing debt both push the affordable price up, often more than a small change in interest rate.
Results
Estimated home price
$539,612
Maximum mortgage payment
$3,000.00
Supported loan amount
$479,612
Projection
Distribution view
No timeline is available for the current inputs.
Milestones
Decision cues
Breakdown
Cost mix
Result reading
This is a principal-and-interest estimate using a 36% debt-to-income guideline. Taxes, insurance, and HOA will lower the price you can truly afford.
Planning cue
Use the output as a scenario test rather than a promise. Small input changes can materially change the result.
This is a principal-and-interest estimate using a 36% debt-to-income guideline. Taxes, insurance, and HOA will lower the price you can truly afford.
How it works
What the result is showing you
These sections explain what the calculator measures, which assumptions matter most, and where the number can be misleading.
How affordability is estimated
Lenders generally want your total monthly debts, including the new mortgage, to stay under about 36% of your gross monthly income. This calculator uses that guideline to back into the largest mortgage payment you can carry, then converts it into a home price.
Why your other debts matter
Car loans, student loans, and credit card minimums all count against the same income limit. Reducing those monthly payments frees up room in your budget and can raise the price you qualify for without earning a dollar more.
Affordable is not the same as comfortable
The maximum a lender allows is not always a payment you will enjoy living with. Leave room for savings, maintenance, and the rest of your life before borrowing all the way to the limit.
FAQ
Frequently asked questions
Quick answers to the questions people ask most about this calculator.
What debt-to-income ratio do lenders use?
A common guideline keeps total monthly debt payments, including the mortgage, at or below 36% of gross monthly income, though some loan programs allow higher. This tool uses the 36% guideline as a planning baseline.
Does this include taxes and insurance?
This estimate focuses on principal and interest to keep the price approachable. Property taxes, insurance, and HOA dues will reduce the home price you can actually afford, so treat the result as an upper estimate.
People also search for
Related tools
Other tools that usually come next
Use these if you want to compare a connected cost, adjust the budget around it, or check the next step in the same decision.
Mortgage
Mortgage Calculator
Estimate a mortgage payment, total interest cost, and the full monthly housing picture before you commit to a home price.
Mortgage
Rent vs Buy Calculator
Compare the long-term net cost of renting versus buying a home over the years you plan to stay, including equity, taxes, and maintenance.
Debt
Debt-to-Income Ratio Calculator
Calculate your front-end and back-end debt-to-income ratios to see how lenders are likely to view your monthly obligations.