Home Affordability Calculator
Find out how much house you can afford based on your income, debts, and down payment. Get instant pre-qualification estimates using DTI ratios lenders actually use.
Before taxes (gross income)
Car payments, student loans, credit cards, etc.
28% conservative, 36% standard, 43% FHA maximum
You Can Afford
Maximum Home Price
$365,000.00
Front-End DTI
$29.55
29.5%
Back-End DTI
$35.55
35.5%
Monthly Budget
Home Price Scenarios
| Home Price | Monthly Payment | DTI Ratio | Status |
|---|---|---|---|
| $100,000 | $445 | 11.3% | Affordable |
| $200,000 | $1,206 | 20.5% | Affordable |
| $300,000 | $1,968 | 29.6% | Affordable |
| $400,000 | $2,729 | 38.7% | Too High |
| $500,000 | $3,490 | 47.9% | Too High |
Affordability Tips
- •28/36 Rule: Housing costs should be <28% of income, total debt <36%
- •Lenders may approve you for more than you can comfortably afford
- •Don't forget maintenance costs (~1% of home value per year)
- •A larger down payment means lower monthly payments and no PMI
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How to Use This Affordability Calculator
This free home affordability calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required