Mortgage Affordability Calculator

Buying a home is likely the biggest financial decision you'll ever make — and knowing how much you can realistically afford before you start shopping can save you a lot of stress. This calculator estimates your maximum home price based on your income, existing debts, and loan details, using the same debt-to-income benchmarks lenders rely on.

💰 Income

Annual Gross Income ($)

Please enter a valid annual income

Other Monthly Income ($) — Optional

🏦 Loan Details

Interest Rate (%)

Please enter a valid rate

Loan Term (years)

Please enter a valid term

Down Payment ($)

Please enter a valid down payment

📋 Monthly Obligations

Existing Monthly Debt Payments ($) — car loans, student loans, credit cards, etc.

Est. Monthly Property Tax ($)

Est. Monthly Home Insurance ($)

Estimated Home Price You Can Afford $0

Maximum Loan Amount $0

Estimated Monthly Mortgage Payment (P&I) $0

Total Monthly Housing Cost (PITI) $0

Gross Monthly Income $0

Front-End DTI (Housing Only) 0%

Back-End DTI (All Debts) 0%

💡 Affordability Tips Lenders typically look for a front-end DTI (housing costs only) under 28% and a back-end DTI (all debts) under 36–43%. A larger down payment lowers your loan amount and may help you avoid private mortgage insurance (PMI). This calculator provides an estimate — actual loan approval depends on your credit score, lender requirements, and full financial picture.