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Home affordability calculator
Work backward from your income, debts and savings to a home price with a payment you can live with.
You can likely afford a home around
$444,000
at about $3,048 a month, all-in
Within your 31% limit
Within your 43% limit
- Principal & interest$2,54583.5%
- Property tax$2036.7%
- Home insurance$1254.1%
- PMI$1755.7%
- HOA dues$00%
- Loan amount
- $418,908
- Down payment
- 5.6%
- Housing budget
- $3,048/mo
- What limits you
- Housing ratio
Show as a table
| Rate | Home price | Loan | Payment |
|---|---|---|---|
| 4.00% | $540,453 | $515,453 | $3,048 |
| 4.25% | $527,533 | $502,533 | $3,048 |
| 4.50% | $515,062 | $490,062 | $3,048 |
| 4.75% | $503,025 | $478,025 | $3,048 |
| 5.00% | $491,406 | $466,406 | $3,048 |
| 5.25% | $480,191 | $455,191 | $3,048 |
| 5.50% | $469,365 | $444,365 | $3,048 |
| 5.75% | $458,913 | $433,913 | $3,048 |
| 6.00% | $448,823 | $423,823 | $3,048 |
| 6.25% | $439,079 | $414,079 | $3,048 |
| 6.50% | $429,670 | $404,670 | $3,048 |
| 6.75% | $420,582 | $395,582 | $3,048 |
| 7.00% | $411,805 | $386,805 | $3,048 |
| 7.25% | $403,325 | $378,325 | $3,048 |
| 7.50% | $395,131 | $370,131 | $3,048 |
| 7.75% | $387,213 | $362,213 | $3,048 |
| 8.00% | $379,560 | $354,560 | $3,048 |
| 8.25% | $372,162 | $347,162 | $3,048 |
| 8.50% | $365,008 | $340,008 | $3,048 |
| 8.75% | $358,090 | $333,090 | $3,048 |
| 9.00% | $351,399 | $326,399 | $3,048 |
Where the price comes from
Your cash plus the loan your income supportsBy budget style
The same household under each set of limitsEstimates only. Includes principal, interest, property tax, homeowners insurance, HOA and PMI below 20% down. Lenders also weigh credit, reserves and income history, and may approve up to 50% total debt-to-income with strong compensating factors. Sample math for illustration, not a loan offer.
How we estimate affordability
Lenders use two debt-to-income ratios. The housing ratio compares your full payment to gross monthly income. The total ratio adds car loans, student loans and card minimums. This calculator applies whichever limit is stricter, then solves for the price that fits, including taxes, insurance and mortgage insurance.
The Balanced setting mirrors common conventional guidelines. The Comfortable setting is what we recommend for households saving for retirement or planning a growing family.
What moves your number most
Rate and monthly debts matter more than most people expect. Paying off a $450 car payment can raise your price range by roughly $70,000 at today's sample rates. A 0.5% lower rate adds around $25,000 on a $115,000 household income.
From estimate to pre-approval
A pre-approval verifies income and assets so sellers can trust your number. It also catches items this calculator cannot, like variable bonus income, gift funds and down payment assistance, which can expand your options.
Know your numbers before you shop
Pre-qualify in about 6 minutes with a soft credit check. No impact to your score and no obligation.
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