Home Affordability Calculator
Calculate how much house you can afford based on income, debts, down payment, and interest rates. See your maximum home price and comfortable monthly payment.
How to Use This Calculator
- Enter your annual gross income (before taxes)
- Add your monthly debt payments (car loans, credit cards, student loans)
- Input your down payment amount or percentage
- Enter the current interest rate
- Select your preferred loan term
- Add property tax and insurance costs
- Adjust DTI limits if desired (standard is 28/36 rule)
- Click Calculate to see how much house you can afford
Income & Debts
Loan Details
Additional Costs
Debt-to-Income (DTI) Limits
💡 Understanding Home Affordability
Lenders typically use the 28/36 rule to determine affordability: No more than 28% of gross income for housing costs (principal, interest, taxes, insurance) and no more than 36% for total debt (including car loans, credit cards, etc.).
🏠 Maximum vs. Comfortable Price
Maximum Price: The highest home price you qualify for based on lender limits. Comfortable Price: A more conservative estimate (25% DTI) that leaves room for other expenses and savings. Many financial advisors recommend staying below your maximum to maintain financial flexibility.
⚠️ Don't Forget These Costs
Remember to budget for additional homeownership costs not included in your mortgage payment: Maintenance (1-3% of home value annually), Utilities, Closing costs (2-5% of purchase price), and Emergency repairs.
🔗 Save & Share Your Calculation
Your inputs are automatically saved in the URL. You can bookmark this page to save your calculation, or use the Share button to send it to others. When you return or share the link, all values will be restored automatically.