Home Affordability Calculator
See how much house you may be able to afford based on income, debt, down payment, and estimated monthly costs.
Calculate Your Home Affordability
Estimate how much house you may realistically afford based on income, debt, down payment, and monthly ownership costs.
Income & Debt
Mortgage Details
Estimates only, not a loan approval. This model uses the selected total debt-to-income ratio and fixed annual taxes and insurance. It does not include PMI, maintenance, utilities, closing costs, or lender-specific underwriting rules.
How This Home Affordability Calculator Works
This calculator estimates how much house you may realistically afford based on household income, debt, down payment, taxes, insurance, HOA fees, and estimated mortgage payments. It is designed to help buyers better understand what may comfortably fit within their financial situation before shopping for residential or commercial property.
Use this calculator as a starting point when comparing homes, condos, vacation properties, investment properties, or commercial real estate. Financing standards may differ by property type.
Know Your Price Range Before the Search Takes Over
A listing shows you the asking price. A lender may tell you what you qualify to borrow. Your budget tells you what you can comfortably carry.
Test different income, debt, and down-payment assumptions to understand the monthly commitment before shopping.
What Counts Toward Your Housing Budget?
Mortgage principal and interest are only part of the cost. Property taxes, homeowners insurance, and HOA fees can meaningfully affect affordability. Mortgage insurance, repairs, utilities, maintenance, and closing costs may add to the amount you need.
Understanding Debt-to-Income Ratio
Debt-to-income (DTI) compares recurring monthly debt payments with gross monthly income. This calculator uses your chosen total DTI percentage, subtracts existing monthly debt, then estimates the amount left for housing. Different lenders and loan programs may use different limits.
Down Payment Versus Cash to Close
Your down payment reduces the mortgage amount, but it is not the same as the cash required at closing. Keep room for closing costs, moving expenses, repairs, and emergency savings.
Frequently Asked Questions
How much house can I afford?
The amount depends on your income, debt, down payment, interest rate, property taxes, insurance, and lender guidelines. Use the estimate as a starting point rather than a loan approval.
What debt-to-income ratio do lenders prefer?
Many lenders consider ratios around 36% to 43%, but requirements vary by loan type, lender, credit profile, and other factors.
Does this calculator include taxes and insurance?
Yes. It includes entered property taxes, homeowners insurance, and HOA fees. PMI, maintenance, utilities, and closing costs are not included.
Think You’re Paying $250 Per Square Foot? Think Again.
Our Mortgage Calculator shows how interest and ownership expenses can change the cost of financing a property over time.
Explore Real Estate Listings & Property Values
Research property listings and market values, then compare financing assumptions before making a purchase decision.