Home Affordability Calculator

How much home can I afford?

A starting point for a budget, built from your numbers and assumptions you can see and change.

Household income per year ($, before tax)

Monthly debt payments ($)Car, student loans, minimum card payments, etc.

Down payment ($)

Interest rate (%)Illustrative. Use a quote from a lender.

Loan term

Monthly HOA ($)

Property tax rate (% of price per year)Varies widely by county.

Insurance rate (% of price per year)

Debt-to-income limits

Housing limit (% of gross income)

Total debt limit (% of gross income)

28% and 36% are common rules of thumb, not lender requirements. Loan programs set their own limits.

Estimated price you could consider

Up to about $277,000

Monthly housing budget$1,983

Principal and interest$1,561

Taxes, insurance, HOA and PMI$415

The housing-cost limit is the limiting factor.

See listings up to $277,000

A planning estimate, not a pre-approval or loan offer. It leaves out closing costs, savings reserves, credit score effects and program-specific rules. Talk to a licensed lender.

How this estimate works

The calculator finds the highest price whose full monthly cost (principal and interest, property tax, insurance, HOA and PMI) stays within two limits: housing costs as a share of gross monthly income, and all monthly debts including housing as a share of gross income. The lower of the two sets the budget.

Lenders look at much more: credit history, savings, employment, the loan program and the property. A comfortable budget can also be lower than what a lender approves. The CFPB's homebuying guide walks through the process.