Home Affordability Calculator
Estimate a workable home budget by combining income, debt payments, down payment, mortgage rate, taxes, insurance, HOA dues, and basic debt-to-income guardrails.
Affordability Assumptions
Adjust debt ratios and ownership costs to match your lender or your personal comfort level.
Estimated Budget
This is a planning estimate, not a lender approval.
Max home price
$493,785.37
Estimated loan amount: $413,785.37
Monthly housing budget
$3,500.00
Based on your front-end and back-end ratios
Principal + interest
$2,683.80
Total monthly housing cost
$3,500.00
Taxes $493.79 • Insurance $150.00 • HOA $0.00
PMI is included at approximately $172.41 per month because the modeled down payment is under 20%.
How the estimate works
The calculator compares two common affordability rules.
The front-end ratio caps housing expenses relative to gross monthly income. The back-end ratio caps all monthly debts, including the mortgage payment, relative to income.
The lower of those two budgets becomes your housing ceiling, then the calculator backs into a home price using taxes, insurance, HOA dues, PMI, and the mortgage payment formula.