Buying a home is a major financial decision, and knowing how much house you can afford is a critical first step. Our home affordability calculator gives you a clear, personalized estimate based on your income, expenses, and preferences.

What Does the Calculator Do?

This tool helps you estimate the maximum home price you can comfortably afford. It factors in your:

• Annual income

• Monthly debt payments

• Down payment amount

• Loan term and interest rate

• Property tax rate

• Home insurance and HOA fees

• Preferred debt-to-income (DTI) ratio

By combining all of these inputs, the calculator determines your estimated monthly housing budget and translates that into a maximum home price range.

Why It Matters

Lenders typically use a debt-to-income ratio to decide how much they’re willing to loan. Staying within a reasonable DTI ratio ensures you won’t be overextending yourself financially. This calculator helps you stay within your limits while also giving you a sense of your options—whether you want to take a conservative, standard, or more aggressive approach.

How to Use It

1. Enter your income and debts – Start with your gross annual income and your current monthly debt obligations.

2. Add in your down payment – The more you can put down upfront, the more you can afford overall.

3. Select your loan terms – Choose your preferred loan duration and interest rate.

4. Include property taxes and insurance – These can vary by location, but they significantly affect your monthly payment.

5. Adjust your DTI preference – Go conservative if you want to play it safe, or increase it if you’re comfortable taking on more financial risk.

After you hit “Calculate,” you’ll see your estimated home price limit, a range of budget scenarios (conservative to aggressive), and a full breakdown of estimated monthly costs—including principal, interest, taxes, insurance, and HOA fees if applicable.

Tips to Improve Your Affordability

• Increase your down payment to reduce how much you need to borrow.

• Pay down existing debts to improve your DTI ratio.

• Shop for better interest rates to lower your monthly payment.

• Increase your income through raises, side work, or career moves.

Bottom Line

Knowing your price range before house hunting helps you stay focused, realistic, and financially prepared. Use this calculator anytime your financial picture changes or you want to test different scenarios.