Calculators
Affordability
Figure out the home price your real budget actually supports. Plug in your income, your existing monthly debts, and your down payment. The calculator gives you a price range and the monthly payment that comes with it. Free, no login.
Your numbers
Defaults are conservative national averages. Replace with your real numbers.
Affordable home price
$258,219
Based on your numbers, you can afford a home up to $258,219. That's a monthly housing payment around $1,850 on 36% DTI.
- Principal + interest
- $1,506
- Property taxes
- $237
- Home insurance
- $108
- Total monthly housing
- $1,850
- Loan amount
- $238,219
This is an estimate, not pre-approval. A lender will look at credit score, employment history, and assets too. Use this to know what range to shop in.
This is the lender ceiling. For what you can comfortably afford, try What can I really afford? →
How this works
The math: take a max debt-to-income ratio (your "DTI"), multiply by your monthly income, subtract your existing monthly debts. That leaves the maximum monthly payment your budget supports. From there, we solve for the home price (with mortgage, insurance, taxes, and HOA) that lands at that monthly payment.
36% DTI is conservative and leaves room for life. 43% is the ceiling most conventional lenders allow.
What this is and isn't
This is an estimate of what a comfortable purchase looks like given your income and debts. It's not a pre-approval. A lender will also look at credit score, employment history, savings reserves, and other factors. Use this to know what price range to shop in before talking to a lender.