Affordability Calculator
See How Much House You Can Afford
Home Affordability Calculator
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This affordability calculator is for informational purposes only and does not constitute mortgage approval or financial advice. Estimates are based on user input and standard lending guidelines, which may vary. Actual loan terms and qualifying amounts may differ based on credit score, market rates, and lender criteria. Please consult with a licensed mortgage professional for personalized guidance.
Estimate What You Can Afford Before You Buy
Planning to buy a home? Our Home Affordability Calculator helps you determine how much house you can realistically afford based on your income, debt, down payment, and estimated expenses. Whether you’re a first-time buyer or looking to upgrade, this tool gives you a fast, accurate estimate of your ideal home price range.
Understanding your budget early in the process can help you shop smarter, qualify faster, and avoid surprises later on.
How the Affordability Calculator Works
This calculator analyzes several key factors to estimate your maximum affordable home price and monthly mortgage payment:
- Gross Annual Income: Total household income before taxes
- Monthly Debt Payments: Includes car loans, credit cards, student loans, etc.
- Down Payment Amount: The money you plan to contribute upfront
- Loan Term & Interest Rate: Helps determine your estimated monthly payment
- Estimated Property Taxes & Insurance: These costs can vary by location
Our calculator uses current debt-to-income (DTI) guidelines that lenders follow to give you a realistic picture of what you may qualify for.
Why Use Our Affordability Calculator?
- Get an instant estimate of your home-buying budget
- Plan your down payment and loan terms confidently
- Understand how income and debt affect mortgage qualification
- Avoid overextending yourself financially
- Prepare for pre-approval with a lender
Knowing what you can afford is a smart first step on your journey to homeownership.