Affordability Calculator

Find out how much home you can afford based on your income, existing debts, and down payment.

Annual Gross Income

Monthly: $8,333

Monthly HOA or Condo Dues

Enter zero when these dues do not apply.

Estimated Property Tax Rate

% per year

Estimated Annual Homeowners Insurance

Monthly Debt Payments

Include car loans, student loans, minimum credit card payments, alimony, child support, and other recurring debts.

Down Payment — 20%

3%25%50%

Interest Rate

Loan Term

Housing-to-Income Planning Ratio — 28%

20%40%

Limits the estimated housing payment as a share of gross monthly income.

Total Debt-to-Income Planning Ratio — 36%

20%50%

Includes the estimated housing payment and the monthly debts entered above.

Estimated Price From Your Inputs

$352,788

estimated home price

Monthly Housing Payment

Principal & Interest$1,831

Estimated Property Tax$353

Estimated Insurance$150

Total Housing$2,333

Loan Details

Loan Amount$282,230

Down Payment$70,558

Estimated Housing Ratio28.0%

Estimated Total DTI34.0%

Limiting Planning Ratio

Housing-to-income ratio

Monthly housing budget: $2,333

Estimate only. This calculator uses the planning ratios you select. It does not determine loan approval or what is comfortable for your budget. Lenders verify income, debts, credit, assets, property costs, and loan-program rules. Include taxes, insurance, mortgage insurance, HOA or condo dues, and other recurring housing costs. Closing costs, repairs, maintenance, utilities, and future cost changes are not included. Compare actual terms with a lender and your Loan Estimate.

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