House Affordability Calculator

Calculate how much house you can afford based on your income, expenses, and loan terms.

Your Financial Information

Enter your income, expenses, and loan preferences

Income

Annual Income$80,000

Additional Annual Income$0

Monthly Debt Payments$500

Include credit cards, car loans, student loans, and other monthly debt obligations.

Down Payment & Loan Details

Down Payment Amount$50,000

Down Payment Percentage20%

3%20%50%

Interest Rate (%)6.50%

Loan Term (Years)

Property Costs

Property Tax Rate (%)

Annual Home Insurance

Monthly HOA Fees

Affordability Ratios

Front-End Ratio (Housing Costs / Income)28%

Conservative (15%)Standard (28%)Aggressive (40%)

Back-End Ratio (All Debts / Income)36%

Conservative (20%)Standard (36%)Aggressive (50%)

Affordability Summary

Based on your financial information

Maximum Home Price

Maximum Loan Amount

Monthly Payment Breakdown

Principal & Interest$0

Property Tax$0

Home Insurance$0

Total Monthly Payment$0

Affordability Analysis

Monthly Income$6,667

Monthly Debts$500

Housing Payment$0

Housing Cost Ratio

0%0.0%50%

Total Debt Ratio

0%7.5%50%

Affordability Method

Your maximum home price is limited by your total debt ratio. Reducing your monthly debts or increasing your income would increase your maximum home price.