Home Affordability Calculator
Income Information
Down Payment Information
Debt Information
Property Costs
Loan Information
Results
Maximum Monthly Housing Payment
$2,333
Available for Mortgage
$2,500
Monthly Property Tax
$125
Monthly Insurance
$100
Available for Principal & Interest
$2,275
Maximum Loan Amount
$359,911
Down Payment Amount
$71,982
Total Home Price
$431,893
Home Affordability Calculator
Calculate how much house you can afford using our comprehensive Home Affordability Calculator. Based on standard lending guidelines and the 28/36 rule, this tool helps you determine your maximum home purchase price by analyzing your financial situation.
Our calculator considers essential factors that lenders evaluate:
- Gross annual and monthly income
- Down payment requirements (typically 20% for conventional loans)
- Current monthly debt payments (car loans, credit cards, student loans)
- Local property tax rates and annual home insurance premiums
- Current mortgage rates and loan terms (15 or 30 years)
Key features of our calculator:
- Calculate your maximum affordable home price
- Estimate your monthly mortgage payments including PITI (Principal, Interest, Taxes, Insurance)
- Compare different down payment scenarios
- Understand your debt-to-income (DTI) ratio
- Plan your home buying journey with confidence
Note: This calculator provides estimates based on standard lending guidelines. Actual loan amounts may vary based on your specific financial situation and lender requirements.