Home Affordability Calculator

Instead of starting with a home price and hoping it fits, this home affordability calculator works backward from your income, existing debts, and down payment to show a realistic price range for your situation. A common guideline keeps total monthly housing costs under roughly 28% of gross income, though your own comfortable number may be lower depending on other financial priorities.

Work backward from your income and existing debt to find your ideal purchase budget.

Gross Annual Income ($)

Monthly Debts ($) (Car, Student Loans, Cards)

Down Payment Amount ($)

Interest Rate (%)

Loan Term (Years)

Est. Property Tax & Insurance (%) (Annual % of price)

Conservative

$0 / mo

Keeps housing ≤ 28% of income. Leaves comfortable breathing room for savings.

Moderate

$0 / mo

Standard lender limit (36% total DTI). Standard conventional target.

Aggressive

$0 / mo

Upper limit (FHA / Flexible limits). Leaves tighter monthly cash flow.

Monthly Payment Breakdown (Conservative Tier)

Principal & Interest: $0

Taxes & Insurance (Est.): $0

Total Monthly Housing Payment: $0

Front-End DTI Ratio: 0%

Back-End DTI Ratio (with debts): 0%

Down Payment: $0

Conservative Payment Breakdown

Your existing debt load matters just as much as income here, since lenders weigh your total debt-to-income ratio, not just your housing payment in isolation. A car loan or student loan payment can meaningfully reduce how much home you’d qualify for, even with a strong income.

Once you have a target price range, our home mortgage calculator can confirm your exact monthly payment, and our FHA loan calculator is worth checking if a lower down payment option fits your situation better. If you’re still deciding whether to buy at all, our rent vs. buy calculator can help you weigh the alternative.