Home Affordability Calculator
Find out how much house you can afford based on your income, debts, and down payment. Uses the 28/36 rule for conservative estimates.
Inputs
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$
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%
years
Results
Maximum Home Price
$302,058
Loan Amount$252,058
Total Monthly Payment$1,983.34
Principal & Interest$1,593.18
Monthly Property Tax$302.06
Monthly Insurance$88.1
Debt-to-Income Ratio35.06%
Maximum Home Price
$302,058
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Annual Household Income — Your total yearly income. Accepts values from $10,000 to $5,000,000 (default: $85,000).
- Monthly Debt Payments — Car loans, student loans, credit card minimums, etc. Accepts values from $0 to $50,000 (default: $500).
- Down Payment — Upfront payment amount. Accepts values from $0 to $2,000,000 (default: $50,000).
- Interest Rate — Annual interest rate as a percentage. Accepts values from 0 % to 15 % (default: 6.5 %).
- Loan Term — Length of the loan in the specified time unit. Accepts values from 10 years to 30 years (default: 30 years).
- Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
- Property Tax Rate — enter a percentage value. Accepts values from 0 % to 5 % (default: 1.2 %).
- Insurance Rate — enter a percentage value. Accepts values from 0 % to 3 % (default: 0.35 %).
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Maximum Home Price — shown as a dollar amount. This is the primary result of this calculator.
- Loan Amount — shown as a dollar amount.
- Total Monthly Payment — shown as a dollar amount.
- Principal & Interest — shown as a dollar amount.
- Monthly Property Tax — shown as a dollar amount.
- Monthly Insurance — shown as a dollar amount.
- Debt-to-Income Ratio — shown as a numeric value.
- View the Monthly Payment Breakdown below for a visual breakdown of how the numbers relate to each other.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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