Home Affordability Calculator
Find out how much home you can afford based on your monthly budget and down payment.
As a % of home price, e.g. 1.2%
Max home price
$359,642
Max loan amount
$319,642
Assumptions
This is an estimate based on the inputs provided, not a mortgage pre-approval. Actual affordability depends on your credit profile, existing debts, and lender-specific underwriting criteria.
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Frequently Asked Questions
How is home affordability calculated?
This calculator works backward from your target monthly housing budget, subtracting estimated property tax and insurance, then solving for the largest loan amount whose principal and interest payment fits within what remains.
Does this account for other debts or income requirements lenders use?
No. Lenders typically also apply debt-to-income ratio limits and verify income and credit. This calculator only estimates affordability based on your target monthly housing budget.