Mortgage Affordability Calculator

Determine how much house you can afford based on your income, debts, and financial situation. Get personalized recommendations and understand key affordability ratios.

Income Information

Annual Gross Income ($)

Additional Income (Annual $)

Monthly Income Type

Employment Type

Monthly Debt Payments

Credit Card Payments ($)

Car Loans ($)

Student Loans ($)

Other Monthly Debts ($)

Loan & Financial Details

Down Payment ($)

Interest Rate (%)

Loan Term (Years)

Property Tax Rate (%)

Home Insurance (Annual $)

PMI (Monthly $)

Credit Score Range

Emergency Fund ($)

Home Affordability Tips

Follow the 28/36 rule: housing costs ≤ 28% of income, total debt ≤ 36%

Consider all homeownership costs: taxes, insurance, maintenance, utilities

Keep 3-6 months of expenses in emergency fund after home purchase

Factor in closing costs (2-5% of home price) and moving expenses

Get pre-approved to understand your actual borrowing capacity

Consider future income changes and life events

Don't max out your budget - leave room for unexpected expenses