Calculator

Home Affordability Calculator

See how much house you can afford from your income, debts and savings, at a comfortable and a stretch debt-to-income ratio, and whether income or cash is what limits you.

Principal and interest: $2,065Property tax: $280Homeowners insurance: $150FHA mortgage insurance: $147
Your estimated monthly payment$2,642

You can afford up to $336,000 at 43% of income on debts, or $275,000 at a comfortable 36%

Payment breakdown

  • Principal and interest$2,065
  • Property tax$280
  • Homeowners insurance$150
  • FHA mortgage insurance$147
  • HOA and other$0
  • Total per month$2,642

Your income sets the limit. Paying off $100 a month of debt would raise it by about $13,000.

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$280/mo
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Monthly debts: car, student loan, credit card and other required payments. Cash to close: savings for the down payment and closing costs, plus any down payment assistance.

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Estimates for planning only, not a loan offer or financial advice. Program rules checked October 22, 2026; property tax defaults from Census 2024 data. Your lender's Loan Estimate has your actual numbers.

Three ways to use it

  • By home price: enter a price and down payment to see the full monthly payment.
  • By income: enter your income, debts and cash to see the most you can afford (explained below).
  • By monthly payment: enter the most you want to spend each month to see the price that fits it, with your down payment as a percent of the price.

How the income estimate works

Lenders look at your debt-to-income ratio (DTI): every monthly debt payment, including the new house payment, divided by your gross monthly income. This calculator finds the highest price where:

  1. The full house payment (principal, interest, taxes, insurance, mortgage insurance and HOA) plus your other debts stays within the DTI target, and
  2. Your cash covers closing costs plus the loan type's minimum down payment.

It shows two answers. Comfortable keeps total debts at 36% of income, a common budgeting guideline. Stretch uses 43%, a level many lenders accept; some loan programs go higher with strong credit or savings, but your budget gets tight.

All the cash you enter goes toward the down payment after closing costs, so more savings lowers the loan amount and the payment.

What limits you

If income is the limit, paying off a debt, adding a co-borrower or finding a lower rate raises the price you can afford. If cash is the limit, down payment assistance, a seller credit toward closing costs, or a loan with a smaller minimum down payment can help more than a raise would.

Frequently asked questions

How much house can I afford on my salary?+
Enter your income and debts above. As a rough guide, total monthly debts including the house payment at 36% of gross income is comfortable for many households; 43% is a common lender limit.
Do lenders count my car loan and student loans?+
Yes. Lenders count required monthly payments on car loans, student loans, credit cards, personal loans and child support. Utilities, phone bills and groceries aren't counted, but they still come out of your budget.
Should I count down payment assistance as cash?+
Yes, if you expect to qualify. Add the assistance amount to your cash available. Check the program's income and price limits, since many cap the price of the home you can buy.
Why does the result change when I pick a state?+
The state fills in a typical property tax rate, and taxes are part of the payment lenders count.

Sources

Last verified October 22, 2026.