How Much House Can I Afford?

Estimate a home price that fits within your target monthly housing budget based on your income, debts, down payment, interest rate, and other costs.

Your numbers

Set a comfortable target, then test the full picture.

LIVE

Annual household incomeMonthly debt payments

Car loans, student loans, credit cards, etc.

Down paymentInterest rateLoan termProperty tax (% per year)Homeowners insurance ($/month)HOA ($/month)Estimated closing costs (%)Target debt-to-income ratio

36% is a conservative starting assumption.

Estimated affordable home price

✦

$207,048

Target DTI

36%

Down payment

9.7%

Estimated monthly housing cost

$1,600

Principal & interest$1,182

Property taxes$190

Homeowners insurance$150

PMI$78

HOA$0

Estimated down payment$20,000

Down payment percentage9.7%

Estimated closing costs$6,211

Estimated cash needed$26,211

Important: This calculator provides an estimate for educational planning only. Actual affordability depends on credit score, loan program, lender requirements, mortgage insurance, taxes, insurance, closing costs, and other factors. This is not financial, mortgage, legal, or tax advice.

How this estimate works

We start with your target debt-to-income ratio and subtract your existing monthly debts. The remaining amount is used as your estimated maximum housing payment. We then account for principal and interest, property taxes, insurance, HOA fees, and estimated PMI when applicable.

Tip: leave room for savings, repairs, and everyday plans—not just the payment a lender may approve.