Borrow · Mortgage affordability
Mortgage affordability calculator
Translate income, existing debt, a down payment, and housing costs into an illustrative price range.
Scenario inputs
Change the assumptions.
- Gross monthly income
- Other monthly debt
- Down payment
- Interest rate (%)
- Loan term (years)
- Property tax (% / year)
- PMI rate (% / year)
- Home insurance (/ year)
- HOA dues (/ month)
- Housing DTI (% of income)
Open the interactive calculator to enter values. Calculations run in your browser. Editing inputs does not change the page URL. Share calculation includes your inputs after # in the shared link. This URL fragment is not sent in the page HTTP request. Anyone with the link can read its values. Avoid sharing sensitive financial information.
How it works
Affordability is a scenario, not a verdict.
The calculator reserves the selected share of gross monthly income for housing after subtracting other monthly debt, then solves for the highest home price whose modeled payment fits that budget.
This is not lender underwriting or a recommendation to borrow. It does not model credit, closing costs, income taxes, utilities, maintenance, reserves, loan limits, or lender-specific DTI rules.
Common questions
Before you use the number.
What does housing DTI mean here?
It is the share of gross monthly income reserved for the modeled housing cost in this scenario. The calculator subtracts other monthly debt before solving for a price.
Does the result mean I qualify for that home price?
No. Qualification depends on credit, documentation, loan program, reserves, lender rules, and costs this illustration does not model.
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