Money & Planning

House Affordability Calculator

Estimate how much house you can afford based on income, debts, down payment, mortgage rate, taxes, insurance, PMI, and closing costs.

Last updated: August 2026

CurrencyGross annual household incomeOther reliable annual incomeMonthly debt paymentsAvailable down paymentAvailable closing-cost cashMortgage interest rate%Loan term yearsHousing-cost ratio%Total-debt ratio%Property tax (% of price)%Annual homeowners insuranceMonthly HOAOther monthly housing costs

Based on the entered assumptions, an estimated affordable home price is about $318,097.

Affordable home price$318,097

Estimated loan amount$258,097

Monthly housing cost$2,250

Maximum housing budget$2,250

Down payment$60,000

Closing costs$9,543

Total cash needed$69,543

Limiting factorDebt limited

Monthly payment breakdown

Principal and interest, property tax, insurance, estimated PMI, HOA, and other entered costs are included in the estimate.

Affordability range

Scenario	Affordable price	Monthly budget
Conservative	$300,000	$2,000
Standard	$318,097	$2,250
Flexible	$360,269	$2,583

Affordability comparison chart

This is a planning estimate, not a mortgage preapproval. Lenders may use different debt, income, reserve, credit, tax, insurance, and PMI assumptions.