Home Affordability Calculator
Find your maximum home purchase price based on income, debts, and rates.
Your Financial Details
Car, student loans, credit cards, etc.
30-year fixed rate
Maximum Home Price
$358,110
Based on the 28/36 qualifying rule
Monthly Payment Breakdown
Down Payment
16.8%
$60,000 of $358,110— PMI required
Housing-to-Income Ratio
28.0%
$2,458/mo of $8,333/mo income(max 28%)
Note: Lender may qualify you for more or less. Consult a mortgage professional.
About Home Affordability Calculator
This calculator uses the standard 28/36 qualifying rule used by most mortgage lenders. Your monthly housing costs (principal, interest, taxes, and insurance) should not exceed 28% of your gross monthly income, and your total debt obligations should not exceed 36%. Enter your annual income, existing monthly debt payments, down payment savings, current mortgage rate, and estimated property taxes and insurance to see the maximum home price you can comfortably afford. A down payment below 20% will also include an estimate for private mortgage insurance (PMI). Always consult a licensed mortgage professional before making purchasing decisions.
Private & free — this tool runs entirely in your browser.