Use this free house affordability calculator to test a home price from income, monthly debts, down payment, mortgage rate, debt-to-income target, tax, insurance, and HOA.
$110,000 income at 36% DTI target
This is not mortgage approval and does not include credit review, cash reserves, closing costs, exact property tax, exact insurance, repairs, utilities, lender underwriting, or a written Loan Estimate.
Estimate a home-buying budget before touring houses.
See how debts, down payment, mortgage rate, tax, insurance, and HOA affect affordability.
Compare debt-to-income targets in a transparent way.
Separate principal and interest from tax, insurance, and HOA costs.
About $421,988.22 home price and $2,850 housing budget
About $340,278.15 home price and $2,325 housing budget
About $540,909.46 home price and $3,500 housing budget
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Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.
Use it when you want to test the exact inputs on this page: Estimate a home-buying budget before touring houses. See how debts, down payment, mortgage rate, tax, insurance, and HOA affect affordability. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.
Annual gross income means your yearly income before tax and payroll deductions. Monthly debt payments means recurring debt payments such as car loans, student loans, credit cards, or other debts that compete with the mortgage payment. Down payment means cash applied to the home price before the mortgage loan amount is calculated. Debt-to-income target means the share of gross monthly income you want to allow for housing plus debts in this estimate. Property tax, insurance, and HOA means housing costs that reduce the room left for principal and interest.
No. CFPB warns that how much you qualify to borrow can be different from what you can comfortably repay. This calculator is a planning screen. A lender still checks credit, income, debts, assets, property details, and underwriting rules.
Because the monthly home budget is not only principal and interest. CFPB says property taxes, homeowners insurance, PMI, and HOA fees can be part of the monthly mortgage cost, and Fannie Mae tells buyers to budget for more than the loan payment.
Use the target as a what-if, not a rule. Fannie Mae says housing cost is often discussed around 25% to 30% of gross income, while lenders may review broader debt-to-income rules. Try a lower target if the result crowds out savings, repairs, utilities, or other bills.
In plain language: The calculator applies a debt-to-income target to monthly income, subtracts monthly debts, then searches for the highest home price whose estimated housing payment fits. The search is monthly and estimate-based: it tests candidate home prices until principal and interest plus property tax, insurance, and HOA fit inside the housing budget.
Affordable home price is the highest price that fits your chosen target. Loan amount is home price minus down payment. Monthly housing budget shows the cap after existing debts. Principal and interest plus tax, insurance, and HOA show what fills that cap.
This is not mortgage approval. Credit score, lender underwriting, cash reserves, closing costs, exact property tax, insurance, HOA, repairs, utilities, local prices, and the written Loan Estimate can change affordability. Use a lender Loan Estimate, local tax/insurance quotes, and your own budget before treating a home price as affordable.
Check gross income, monthly debts, down payment, rate, loan term, DTI target, property tax, insurance, and HOA. Then check whether the answer leaves room for closing costs, repairs, emergency savings, utilities, and moving costs.
No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.