Home affordability calculator
Estimated purchase-price budget
$385,190
scenario estimate
Uses your income, monthly debts, down payment, mortgage rate, tax rate, insurance, and entered debt-to-income ceiling. It is not a loan approval.
Put your assumptions to work.
See the math.
Monthly gross income × your entered debt-to-income share, minus debt payments and insurance, sets the mortgage-and-tax budget. The model solves for a price using the entered down payment, mortgage rate, term, and property-tax rate.
It excludes HOA fees, mortgage insurance, closing costs, maintenance, utilities, and lender-specific underwriting adjustments. Enter a lower ratio if you need more room for these costs. A 6.5% default interest rate is an editable scenario, not a live quote.
Good questions. Clear answers.
How is this result calculated?
The price is solved from your entered income and debt budget, mortgage payment factor, annual tax rate and down payment.
Are the default rates current market quotes?
No. Defaults are editable planning assumptions. Enter your lender’s mortgage quote or the annual growth rate you want to explore.
Can I use zero growth or zero interest?
Yes. At zero growth, the amount stays unchanged. At zero mortgage interest, principal is spread evenly over the entered loan term.
What costs are excluded?
These tools do not include every cost of housing. Review the assumptions above and use the closing-cost and property-tax tools for those components.
Method and assumptions.
FHFA house-price index methodology CFPB home-buying guidance Our calculator methods