Affordability Calculator
Home Affordability Calculator
This calculator works in the opposite direction from a mortgage calculator. Instead of starting with a home price, it starts with your income, monthly debt payments, and available down payment, and estimates the purchase price those numbers support. It is the right tool when the question is "what range should we even be looking in?"
Estimated home price you can afford
$465,766
- Target monthly payment
- $2,800
- Estimated loan amount
- $385,766
- Down payment
- $80,000
Based on the common 28/36 debt-to-income guideline.
Estimate only, not a pre-qualification or financial advice. A lender confirms your true budget. We'll connect you with trusted local lenders.
What this accounts for
- Gross annual income
- Recurring monthly debt payments
- Cash available for a down payment
- A target share of income going to housing
An estimate for planning, not a lender quote, an appraisal, or financial advice. Your figures depend on your loan, your property, and the terms you negotiate.
Questions
How this calculator works
Lenders weigh your debt-to-income ratio, credit, down payment, and loan program. This calculator models the income-and-debt part, which is usually the binding constraint, but only a lender can tell you what you qualify for.
Not necessarily. The number here is what the arithmetic supports, not what will feel comfortable. Many buyers deliberately shop below their maximum to leave room for maintenance, furnishing, and savings.
Enter a conservative figure. Lenders generally average self-employment income across two years, so a strong recent month is unlikely to be counted in full.
Ready to start?
Talk through the numbers with an agent
Bring your estimate to a conversation. We will tell you what it means for the homes and communities you are considering.
More from our tools, or read the buyer guide and how we work with buyers.