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    Home Affordability Calculator

    The budget you set for your home will impact your financial picture for decades. Find your ideal price range based on industry standards for housing costs.

    30
    $150,000
    $50k$1.5M
    $0
    $0$10,000
    6.5%
    3%10%
    20%
    3%50%

    You can afford a home up to

    $540,690

    Debt-to-Income Ratio28.00%
    Monthly Payment$3,500
    Required Down Payment$108,138
    Total Loan Amount$432,552

    *Assuming 1.1% property tax, 0.6% insurance, and 0.75% PMI if down payment is below 20%.

    How to Use This Calculator

    Annual Income

    Your total household gross income before taxes. Include salaries, bonuses, and other recurring income for all earners in your household.

    Monthly Debt

    Monthly minimum payments on existing debts: car loans, student loans, credit cards, and other recurring obligations. Don't include current rent.

    Interest Rate

    The mortgage interest rate you expect to receive. Check current rates from lenders or use the default as a reasonable estimate.

    Loan Term

    The length of your mortgage. Shorter terms mean higher monthly payments but less interest paid over time. 30 years is most common.

    Understanding Risk Levels

    Conservative (28%)Traditional lending guideline. Keeps housing costs at 28% of gross income, leaving more room for savings and other financial goals.
    Moderate (32%)A middle-ground approach. Allows for a larger home while still maintaining reasonable financial flexibility.
    Risky (36%)Maximum conventional lending threshold. May limit other financial goals and leave less cushion for unexpected expenses.

    What This Calculator Includes

    • •Property taxes: Estimated at 1.1% of home value annually (national average)
    • •Homeowners insurance: Estimated at 0.6% of home value annually
    • •PMI: Private mortgage insurance at 0.75% annually if down payment is below 20%
    • •Not included: HOA fees, maintenance costs, utilities, or closing costs

    Plan Your Home Purchase Strategically

    Buying a home is one of the biggest financial decisions you'll make. Let's ensure it fits into your complete financial picture—including tax implications, investment strategy, and long-term goals.

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    This calculator is for illustrative purposes only and does not constitute financial advice. Results are estimates based on the information provided. Actual loan approval and terms depend on credit score, employment history, and lender requirements. Consult with a mortgage professional for accurate quotes.