Home Affordability Calculator
Home Affordability Calculator
Curious how much house you can comfortably afford? Use our Home Affordability Calculator to estimate your maximum home price, monthly mortgage payments, and debt-to-income ratio—all based on your current financial situation.
How It Works
1. Enter Your Annual Income – Slide or type in your total yearly income before taxes.
2. Monthly Debt Payments – Include credit cards, car loans, student loans, and any other recurring monthly debts.
3. Down Payment & Interest Rate – Specify how much you plan to put down and an estimated interest rate.
4. Loan Term – Typically 15 or 30 years, though other term lengths may be available.
5. Advanced Settings – If you want more precise calculations, adjust property tax, homeowner insurance, or HOA fees.
Enter Your Information
Results
What You’ll See
Maximum Home Price – An estimate of the highest-priced home you may be able to purchase.
Estimated Monthly Payment – A breakdown of principal & interest, property tax, and insurance costs.
Debt-to-Income Ratio (DTI) – Indicates how much of your monthly income goes toward debt obligations, letting you see if you’re in a comfortable range.
Why Use This Calculator?
Plan Your Budget – Avoid overestimating by seeing exactly how mortgage payments fit alongside your other expenses.
Explore Scenarios – Adjust the sliders to test different down payments, loan terms, or interest rates.
Stay Informed – Knowing your ideal price range upfront can speed up your home search and help you negotiate more effectively.
Note: This calculator is for estimation purposes only. Your actual mortgage eligibility and interest rate will depend on your credit profile, lender requirements, and changing market conditions. Always consult a financial advisor or mortgage professional to confirm your budget before making any final decisions.