House Affordability Calculator

Find out how much house you can afford based on your financial situation

Smart Home Buying Tool
Your Financial Profile
Annual Household Income ($)
Monthly Debt Payments ($)
Include car loans, student loans, credit card minimums, etc.
Down Payment ($)
Interest Rate (%)
Loan Term (Years)
Property Tax Rate (%)
Home Insurance (Annual $)
DTI Ratio Limit (%)
Front-end DTI: Housing costs only | Back-end DTI: Total monthly debts including housing
Your Home Affordability
Maximum Home Price Breakdown
Monthly Payment Breakdown
DTI Analysis
Recommendation
Based on your finances
Compare Different Down Payments
DTI Ratio Analysis
See front-end and back-end debt-to-income ratios
Monthly Payment Breakdown
Principal, interest, taxes, insurance - all included
Multiple Loan Terms
Compare 15, 20, and 30-year mortgage options

Frequently Asked Questions

What is the 28/36 rule?
The 28/36 rule suggests spending no more than 28% of gross income on housing costs and no more than 36% on total debt payments including housing. Many lenders use this as a guideline.
What counts as monthly debt payments?
Monthly debts include car loans, student loans, credit card minimum payments, personal loans, child support, alimony, and any other recurring debt obligations.
How much down payment do I need?
Conventional loans typically require 3-20% down. FHA loans require 3.5%, VA and USDA loans may require 0% down. Larger down payments mean lower monthly payments and no PMI.
What affects my mortgage rate?
Credit score, down payment amount, loan term, debt-to-income ratio, property type, and current market conditions all affect your interest rate.
What is PMI and when do I need it?
Private Mortgage Insurance (PMI) is required when down payment is less than 20%. It protects the lender and costs 0.3-1.5% of the loan amount annually.
Should I include utilities in my budget?
Yes, while not included in DTI calculations, utilities (electricity, water, gas, internet) typically add $300-500 monthly to your housing costs.
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House Affordability Calculator - How Much House Can You Afford?

Our House Affordability Calculator helps you determine the maximum home price you can afford based on your income, debts, down payment, and current interest rates. This comprehensive tool uses the standard debt-to-income (DTI) ratios that lenders use to qualify borrowers.

How it works: Enter your annual income, monthly debts, down payment amount, and expected interest rate. The calculator uses both front-end DTI (housing costs only) and back-end DTI (total monthly debts) to determine your maximum affordable home price.

Key features: Includes property taxes, home insurance, PMI calculations, multiple loan terms, and DTI analysis. See exactly how much you can borrow and what your monthly payment will look like.

Perfect for: First-time homebuyers, real estate investors, homeowners looking to upgrade, and anyone planning to purchase a home.