Home Affordability Calculator
Free home affordability calculator. Based on your income, debts, down payment, and interest rate, estimate the home price and monthly payment you can comfortably afford.
How much house can you afford?
Lenders judge affordability mainly with the debt-to-income (DTI) ratio. A common guideline caps your total monthly debt payments — including the new mortgage — at about 36% of gross income. This calculator works backwards from that limit, subtracts your existing debts and estimated tax/insurance, and converts what’s left into the home price you could finance.
Borrow less than the max
Just because you canborrow an amount doesn’t mean you should. Leaving room in your budget for savings, maintenance, and emergencies makes homeownership far less stressful than stretching to the limit.
Frequently asked questions
How much house can I afford?⌄
Lenders generally want your total monthly debts, including the new mortgage, to stay under about 36% of gross income. This tool works backward from that limit.
What is debt-to-income ratio?⌄
DTI is the share of your gross monthly income that goes to debt payments. A lower DTI means you can comfortably afford a larger mortgage.
Should I borrow the maximum I qualify for?⌄
Usually not. Leaving room in your budget for savings, maintenance, and emergencies makes homeownership far less stressful than stretching to the limit.
Have another question? Get in touch.