Mortgage Affordability Calculator

Mortgage Affordability Calculator

Mortgage Affordability Calculator

Affordability Snapshot

Max home price—
Max loan amount—
Max monthly (PITI)—
P&I portion—
Constraint used—
Down payment used—

Payment Breakdown

Front-end allowance—
Back-end allowance—
Escrow monthly (tax+ins+HOA)—

Front-end = income × DTI%. Back-end = income × DTI% − monthly debts. We use the lower of the two.

Find out how much house you can afford in minutes.

Our free Mortgage Affordability Calculator answers common questions like:

  • How much house can I afford?
  • How expensive of a home can I afford?
  • How much home can we afford together?
  • How much house payment can I afford each month?

By entering your income, debts, down payment, interest rate, and term, you’ll get a clear maximum home price, estimated monthly payment, and a detailed breakdown — so you can shop with confidence.

Key Features

  • Calculates maximum home price based on income, debts, and loan details.
  • Shows monthly payment including taxes, insurance, and HOA fees.
  • Works for single or joint income (how much house can we afford).
  • Adjustable for different down payments and interest rates.
  • Works on any device — phone, tablet, or desktop.

How to Use This Mortgage Affordability Calculator

  • Enter your gross monthly income (single or combined).
  • Add your monthly debts (loans, credit cards, etc.).
  • Choose your down payment (amount or percentage).
  • Select your loan term and interest rate.
  • Add annual property taxes, home insurance, and HOA fees.
  • Click Calculate to see your max home price and payment details.

FAQs – Countdown Timer

1. How much house can I afford based on my salary?
A common rule is that your monthly housing costs should be no more than 28% of your gross monthly income.

2. How much house can we afford together?
Combine both incomes and debts to calculate a joint affordability figure — our calculator handles this automatically.

3. How expensive of a home can I afford with a $X salary?
Enter your salary in the monthly income field and adjust other factors like down payment and interest rate for an exact answer.

4. How much house payment can I afford each month?
Enter your target monthly payment in the calculator and see the maximum loan size it supports.

5. Does this calculator include taxes and insurance?
Yes, you can include property taxes, home insurance, and HOA fees to get a realistic monthly cost.

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