Home Affordability Calculator

Calculate how much house you can afford based on your income, expenses, and financial situation

Your Financial Information

Income Details

Annual Gross Income ($)

$30,000 $500,000

Other Annual Income ($)

Monthly Debt Payments

Total Monthly Debt ($)

Car loans, student loans, credit cards, etc.

Savings & Down Payment

Down Payment Amount ($)

Down Payment Percentage (%)

Loan Details

Mortgage Interest Rate (%)

Loan Term (Years)

Other Factors

Annual Property Tax Rate (%)

Annual Home Insurance ($)

You Can Afford A Home Up To

$300,000

with a monthly payment of $1,890

Down Payment

$30,000

Loan Amount

$270,000

Interest Rate

6.5%

Loan Term

30 Years

Affordability Level

Conservative Comfortable Stretched

Monthly Payment Breakdown

Principal & Interest $1,520
Property Taxes $300
Home Insurance $100
PMI (if applicable) $113
Total Monthly Payment $1,890

Financial Ratios

Front-End Ratio (28% rule) 25%
Back-End Ratio (36% rule) 32%
Loan-to-Value Ratio 90%

Note: Results are estimates. Actual loan approval depends on credit score, employment history, and lender policies. The 28/36 rule suggests spending no more than 28% of gross income on housing costs and 36% on total debt.

Disclaimer: This calculator provides estimates based on standard lending guidelines. Actual loan approval and terms depend on your credit score, employment history, and lender policies.

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