Home Affordability Calculator

Find out how much house you can afford based on your income and expenses.

Your Financial Details

$
$30K $500K
$
$0 $5K

Include car loans, student loans, credit cards and other monthly debt payments.

$
$0 $500K
%
2% 10%
years
10 years 30 years
%
28% (Conservative) 50% (Aggressive)

Most lenders prefer a DTI of 36% or less. FHA allows up to 43%, some programs up to 50%.

You Can Afford a Home Up To

$298,000

Based on your income and target DTI ratio

Maximum Loan Amount

$248,000

Monthly Payment

$2,050

Your Budget Breakdown

Gross Monthly Income $7,083
Max Housing Budget (36% DTI) $2,550
Minus Existing Debts -$500
Available for Mortgage $2,050

Home Price Options

Conservative (28% DTI) $248,000

Comfortable budget with room for savings

Moderate (36% DTI) $298,000

Balanced approach for most buyers

Aggressive (43% DTI) $358,000

Maximum stretch - less financial flexibility

Remember: These estimates don't include property taxes, insurance or HOA fees. Your actual affordable price may be lower.

Factors That Affect Affordability

Income

Lenders use your gross income (before taxes) to calculate how much you can borrow. Higher income means higher borrowing power.

Existing Debt

Car payments, student loans and credit cards reduce how much mortgage you can afford. Paying down debt increases buying power.

Down Payment

A larger down payment means a smaller loan and lower monthly payments. 20% down also eliminates PMI.

Interest Rate

Lower rates mean lower payments for the same loan amount. A 1% rate difference can change affordability by tens of thousands.