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Home Affordability Calculator

Calculate how much house you can afford based on your income, debt, and down payment

Annual Gross Income

e.g. $100,000

Monthly Debt Payments

e.g. $1,500 (credit cards, loans, etc.)

Down Payment

e.g. $50,000

Mortgage Interest Rate (%)

e.g. 4.5% (current mortgage rate)

Loan Term (years)

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Enter your income and debt information to calculate

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Debt-to-Income (DTI)

Your total debt payments should not exceed 43% of your gross monthly income for most loan programs.

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Loan-to-Value (LTV)

Most lenders require a down payment of at least 3-20% of the home's purchase price.

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Emergency Fund

Maintain 3-6 months of expenses in emergency savings after your home purchase.

💡 Note: This calculator provides estimates only. Actual loan approval depends on credit score, employment history, and other qualifying factors.