Mortgage Affordability Calculator
Find out how much house you can afford based on your income and expenses
Maximum Home Price:
$0
Monthly Mortgage Payment:
$0
Monthly Insurance:
$0
Monthly Property Tax:
$0
Total Monthly Payment:
$0
Show Calculation Details
Monthly Gross Income:
$0
Max Monthly Payment (based on DTI):
$0
Max Loan Amount:
$0
How this works: The calculator determines the maximum home price you can afford based on your income, existing debts, and the debt-to-income ratio you selected. It takes into account mortgage principal and interest, property taxes, home insurance, and HOA fees to calculate your total monthly housing expense.
Most lenders prefer that your total monthly debt payments (including your mortgage) don't exceed 36-43% of your gross monthly income, though this can vary based on your credit score and other factors.