The Home Affordability Calculator helps you estimate how much house you can realistically afford. It considers your income, debts, and other financial factors to provide a comprehensive assessment of your home buying power.
Our calculator uses standard lending guidelines to determine how much house you can afford:
Your monthly mortgage payment should not exceed 28% of your gross monthly income. This includes principal, interest, taxes, and insurance (PITI).
Your total monthly debt payments (including mortgage) should not exceed 36% of your gross monthly income.
Informações de Renda
Sua renda anual bruta (antes dos impostos) e quaisquer fontes adicionais de renda
Dívidas Mensais
All monthly debt payments including car loans, student loans, credit cards, etc.
Planos de Entrada
Quanto você planeja dar de entrada (normalmente 5-20% do valor do imóvel)
Monthly Expenses
Estimated utilities, maintenance costs, and other regular expenses
This is the highest home price you might qualify for based on your inputs. We recommend staying below this amount for financial flexibility.
Your estimated monthly payments include mortgage principal, interest, property taxes, insurance, and other expenses you've entered.
This ratio helps lenders evaluate your ability to manage monthly payments. Lower ratios (below 36%) typically qualify for better loan terms.
This calculator provides estimates based on standard lending guidelines. Actual loan approval depends on various factors including credit score and employment history.
Remember to factor in additional costs like moving expenses, furniture, and emergency repairs when planning your home purchase.
Consider future changes in income, expenses, or interest rates that might affect your ability to make payments.