See how much home you can afford. Uses a 36% debt-to-income ratio.
Maximum home price
$550,454
This home affordability calculator estimates a maximum purchase price using a 36% debt-to-income (DTI) guideline. It factors in your gross income, existing monthly debts, down payment, interest rate, and loan term to estimate a safe monthly housing payment.
Buyers and agents can use these results to narrow price ranges before shopping for properties or getting pre-approved. While this tool is a helpful planning guide, always confirm final numbers with a lender who can include taxes, insurance, and any HOA dues in a full underwriting review.
A home affordability calculator estimates a comfortable price range based on your income, existing monthly debts, down payment, and current mortgage rates. It applies common debt-to-income guidelines to convert your budget into a target housing payment and home price. You can then test specific payments with our Mortgage Calculator.
Many lenders prefer that your total housing payment stays around 28–30% of your gross monthly income and that all debts stay below 36–43%. This calculator helps you stay within those ranges by limiting how much of your income can go toward housing. For more detail, you can also run scenarios in our Affordability Calculator.
A larger down payment reduces your loan amount and monthly mortgage payment, which can increase your maximum affordable price. A smaller down payment may keep you in budget but can add mortgage insurance and increase your overall costs. You can experiment with different down payment levels using our Down Payment Calculator and then plug the results into this affordability tool.
Some affordability tools estimate only principal and interest, while others include estimated property taxes and homeowners insurance in your total payment. When reviewing your results, remember to factor in HOA dues, mortgage insurance, and utilities for a full housing budget. You can see how these costs affect cash flow with our Cash Flow Calculator.
Lenders typically use gross (pre-tax) income to calculate debt-to-income ratios, so affordability calculators usually follow that standard. However, you should also consider your net (take-home) pay and lifestyle expenses when deciding what payment feels comfortable. You can cross-check your preferred payment in our Mortgage Calculator.
Your credit score affects the interest rate and loan programs you qualify for, which in turn changes your monthly payment and maximum price. Higher scores usually unlock lower rates and better affordability. You can see how rate changes move your payment by testing different rates in our Mortgage Calculator or Loan Amortization Calculator.