Home Affordability Calculator

Calculate how much house you can afford based on your income, debts, and down payment

Country:

Income

Annual Gross Income

Your yearly salary before taxes

Co-Borrower Annual Income (Optional)

Spouse or co-applicant income

Other Monthly Income (Optional)

Rental income, dividends, side gigs, etc.

Monthly Debts

Car Loans, Student Loans, etc.

Total monthly debt payments

Credit Card Minimum Payments

Required minimum payments

Loan Details

Down Payment

Enter a fixed amount or percentage of home price

Interest Rate

Annual mortgage rate

Loan Term

Property Tax Rate (Annual)

Varies by location

Monthly Home Insurance

Estimated monthly premium

Debt-to-Income Ratio Guidelines

Front-end DTI: Housing costs as % of income. Back-end DTI: All debts as % of income.

Your Affordability

Maximum Home Price

$290,000

with $50,000 down payment

Estimated Monthly Payment

Principal & Interest$1,517

Property Tax$266

Home Insurance$150

Total Monthly$1,933

Debt-to-Income Ratios

Front-end DTI30.9% / 31%

Back-end DTI38.9% / 43%

Loan Amount$240,000

Monthly Gross Income$6,250

Monthly Debts$500

This calculator provides estimates only. Actual affordability depends on credit score, employment history, and lender requirements. Consult a mortgage professional for personalized advice.