Everyday life Updated: February 11, 2026

House Affordability Calculator

Estimate the home price you can comfortably afford using income (or a payment target), down payment, and mortgage assumptions.

Simple mode

Calculate by
$
Your total annual earnings before taxes, for you and your co-borrower. Annual income includes your base salary and any additional commissions, bonuses, tips, and investment income.
$ / month
Include recurring monthly debt payments such as car loans, credit cards, student loans, and other obligations.
$
Representative rates are for estimates only. Use today\'s market rate from your lender, bank, or mortgage quote. Your actual rate depends on credit score, down payment, loan type, term, and location.
Choose an affordability guideline. This sets your housing cap (front-end) and total-debt cap (back-end).
Optional. Sets a sensible baseline for the guideline preset and enables country-specific qualification options (buffer/stress test, living expenses).
Enter the percentage of your income you’re comfortable spending toward housing. This limit will also take your monthly debts into account. Tip: If you choose a guideline above, we’ll set a recommended back-end DTI for you. Use this field only if you want a custom back-end DTI.
The loan term is the amount of time set by the lender for a buyer to pay off a mortgage. To convert a loan term to months from years, multiply the number of years by 12.
Loan programs differ in mortgage insurance rules and qualifying guidelines. This calculator uses simple, adjustable estimates to help you plan.
Include PMI
Enter an annual mortgage-insurance rate (percent of loan per year). Defaults: Conventional ~0.50%, FHA ~0.55%, USDA ~0.35%, VA ~0%.
Mortgage insurance is required primarily for borrowers on a conventional loan with a down payment of less than 20% of the home's purchase price. It protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan. Contact your lender for more details.
Include taxes/insurance
Includes property taxes, homeowners insurance, private mortgage insurance, and homeowners association dues.
The mortgage payment calculator includes estimated property taxes. The value represents an annual tax on homeowner's property and the tax amount is based on the home's value.
Commonly known as hazard insurance, most lenders require insurance to provide damage protection for your home and personal property from a variety of events, including fire, lightning, burglary, vandalism, storms, explosions, and more. The personal liability coverage in standard homeowner's insurance policies is intended to protect against lawsuits involving injuries that occur on your property. Borrowers shop for their own home insurance. Enter either an annual insurance rate (e.g., 0.5%) or an annual dollar estimate.
HOA/co-op fees are most commonly charged monthly (especially for condos/townhomes). If you only know a percent-of-price estimate, switch the unit to Annual (%). Enter either a monthly HOA/co-op fee (most common) or an annual percent-of-price estimate.
One-time closing costs as a percent of home price. Leave blank to use the default 3% estimate.
Estimated yearly maintenance as a percent of home price. Leave blank to use the default 1.5% estimate.

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Enter your details to see the home price you can afford and a monthly payment breakdown.
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