How Much Home Can You Comfortably Afford?

Affordability is about more than the maximum loan amount you may qualify for. Your income, monthly debts, down payment, interest rate, taxes, insurance, and overall budget all play a role in determining a comfortable home price.

Use the calculator below to explore the numbers, then we can look at what fits your goals and monthly budget.

Affordability Calculator

Use your income, debts, down payment, rate and estimated housing expenses to explore a potential home-price range. This is a planning estimate, not a loan approval or qualification determination.
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Include recurring obligations such as auto, student loan and minimum credit-card payments.
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For planning only. Actual allowable debt-to-income ratios vary by loan program, lender and borrower profile.
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Annual tax estimate as a percentage of home price.
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Applied only when the estimated starting loan-to-value is above 80%.
Estimated Affordability
Based on the assumptions entered above.
Estimated Home Price
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Estimated Loan Amount
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Estimated Total Monthly Housing Payment
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Available Monthly Housing Budget
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Down Payment
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Estimated Monthly Payment Breakdown
Principal & Interest $0
Property Taxes $0
Homeowners Insurance $0
HOA $0
Estimated Mortgage Insurance $0
Total Estimated Housing Payment $0
This calculator is provided for educational and planning purposes only. It does not constitute a loan approval, prequalification, commitment to lend, or guarantee of financing. Actual qualification depends on credit, income documentation, assets, debts, property, occupancy, loan program, lender guidelines, interest rate, mortgage insurance, taxes, insurance, HOA dues and other factors. Closing costs and cash-reserve requirements are not included in the estimated home price shown.

Calculator results are estimates for informational purposes only. Actual qualification, loan amount, payment, taxes, insurance, interest rate, closing costs, and other housing expenses may vary.

What Affects How Much Home You Can Afford?

Income & Monthly Debts

Your income and existing monthly obligations help determine how much room you have in your budget for a mortgage payment.

Down Payment & Cash Available

Your down payment, closing costs, reserves, and available funds can affect both your loan options and comfortable price range.

Interest Rate & Loan Program

The rate and type of financing you use can change your monthly payment and how much home fits within your budget.

Taxes, Insurance & Other Costs

Property taxes, homeowners insurance, HOA dues, mortgage insurance, and other housing expenses all contribute to the true monthly cost.

The maximum amount you may qualify for and the amount you feel comfortable spending are not always the same. The goal is to find a price range that works for both your financing and your overall monthly budget.

Want to Know What Price Range Really Fits?

I’ll help you look at your income, monthly debts, available funds, and financing options so you can understand a realistic home price and monthly payment range.

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